tristan.rhodes
Short

SPY bearish flag breaking down

AMEX:SPY   SPDR S&P 500
58 1 0
Going down....
This idea had a great entry point, but I didn't exit and the market has a gap up. The target for an isometric triangle is the height of the triangle, and that target was reached. I was looking for a bear flag target which is the height of the flagpole, and that target was not reached. Perhaps next time, I will exit 1/2 of the position at the triangle target, and keep the other half for the flag target.
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