Daniel Urdaneta
Short

SHORT SPY from 50-day MA

AMEX:SPY   SPDR S&P 500
65 4 1
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 :)
Comment: I'm managing the position intraday - just covered at my trailing stop @198.16

Waiting for a signal to enter into the trade again.
Lol you was stopped out.
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I agree but it may linger @ $200, $201. But if it goes above $201.25 then it will go higher. There has been a lot of crafty manipulators in the market lately though. Be careful!
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agree :)
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Great idea and nice execution. Should pay.
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