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JamesBrown
Jun 2, 2016 4:45 PM

SPY Short Idea Short

SPY*10Arca

Description

The set-up isn't there yet, but it may come soon and the success odds of at least a break even trade (setting stop to break even after price moves 1 or 2 stop levels in favor of the trade) are better than 1 to 1, IMO.

Stop above major resistance, targeting major support.

Comment



Look at the long-term trend-line break in question.
Comments
BigWaveTrader
Thanks for sharing this, it's similar to my own analysis.
JamesBrown
You're welcome :)
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