Market Radar Look at an increased probability for a downside move into the lower channel. Long some SPXU and looking to add some SPY shorts. Short term bearish long term bullish. Will monitor setup and adjust with market conditions..meaning I could take profits off table earlier.
if you trade this down channel, why do u put your stop loss so high? 211,75 would be more reasonable. The your initial expected risk/reward ratio could be increased as well to the required 1:2.