daverb

BABA bounce 50

daverb Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Bought at 35.5 (Feb 3 , 2020)
Stop slightly below 50MA (1 day atr)
Targets:
218.9 (1:1), 223.9 (2:1), or run back to highs

Note:
Play bounce of 50MA, I had my alert at 50MA so I entered. A bit late of an entry since I woke up late lol.
Intraday is above VWAP.

Looks like market is recovering from the corona virus scare, and with Spy bouncing off that 50MA.
Trade active:
Partialled half at 2:1 target, letting rest ride at CE trailing stop for now
Trade closed: stop reached:
Opened weak today, stopped at entry point
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