alleytrader

today's trade #1 in S&P500 group

alleytrader Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
will be watching red line for break to up side to target next higher red line. A break lower will toss long out the window.
Trade active:
This move is very measured and could be the top and miss my target. I will be protecting my gains, but trying to hold some for possible move to target and even further.
Comment:
each step up, in the middle of a distribution has me reducing size, or trailing up stop. this trade will be a locked in gain
Trade closed: target reached:
Putting this in the trade done column. will keep one small runner, with wide stop.
Comment:
@attnational thanks for liking my work

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