gowithetf
Short

SPY Trading Plan for bullish day 1/3/13

BATS:SPY   SPDR S&P 500 ETF
343 0 0
For the bearish move, I would watch the action on Thursday and look to go short the S&P 500             by buying the 3x ETF SPXU             if we show any indication late in the day that we are going to end with a close at or below today's close ($1,426). The key figures are:

Buy SPXU             if SPY             is at or below 145.70 in the last hour of trading
Stop order if the SPY             goes against us and penetrates the upper resistance at 147.25
Target is the lower support line of the channel, 140.94
Risk is $1.55 or 1% (3% with 3x ETF SPXU             )
Reward is 140.79 or 3.4% (10.2% with 3x ETF SPXU             )
Risk:Reward 3.2
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out