Short SPY on breakdown of bearish wedge

93 2 0
Yesterday the SPY             closed lower than the rencent uptrend line which can also be attributed to the lower boundaries of a bearish wedge pattern. Watching closely to see whether the market will open with further weakness and will short the SPY             if it does. Initial stop is at 209.37 but will look to close the trade on any signs of strength. This one will need a tight stop. Will consider re-entry if stopped out.
...and just realised that in my chart i've put in a long entry by mistake. This trade is a SHORT.
Adjusting stop to 206.40
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out