Just opened a short on SPY at 199.82 (a tick below the 50-day MA). Stops and targets as shown. 3-day holding horizon. Tight stop because it 's against the trend and based purely on the 50-day MA being resistance.
Let's do it :)
I'm managing the position intraday - just covered at my trailing stop @198.16
Waiting for a signal to enter into the trade again.