timwest

S&P500 ETF - SPY - Daily - Rally back to 6-day Mode 197.90

AMEX:SPY   SPDR S&P 500
362 3 6
This is where you put out shorts against the 197.90, 6-day maximum supply level .

Stop loss, just over the 6-day supply level .

Target: Low of the last 6-days.

Tim 197.58 last
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This one worked immediately - Hardly any ticks against it.
+2 Reply
Excellent!!!! Will be taking this trade. I started with puts at close on friday thinking a selloff would begin today. How can I avoid this next time?
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timwest ttraider
Losses are part of the game - sometimes markets rebound on Monday and sometimes they don't. Just watch the flow of news and how the market absorbs the news. Then pick technical levels like this one to set up trades.
+1 Reply
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