Daniel Urdaneta

I'm still short on SPY, but made profits at 200 area

Update from my previous post. The factors I quoted for this trade are still in place, so I had no reason to exit my initial short position. But I shorted more stock at yesteday's opening bounce, realizing a nice 5 dollar per share profit! Keep in mind some interestting levels: 200 (S1 on Fibo points and psychological support/resistance ), 196.60 (200-day MA), 204.53 (50-day MA and strong resistance level - look at the intraday pullbacks from those levels!)
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