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Daniel_Urdaneta

SHORT SPY from 50-day MA

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Daniel_Urdaneta Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
1
4
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.
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