dspark123
Short

Midas-daily profit SPY

BATS:SPY   SPDR S&P 500 ETF
217 1 2
Today was bearish , formed bearish engulfing and trend line was broken, closing price is below 8MA.
MACD upper line is turning down and Stoch RSI has been crossed, turning down.
We are in the upper Keltner channel. This was perfect set up for shorting. I made a quite profits by shorting at the peak of 5 min chart several times today.
Tomorrow chances are going down for a while.
For day traders, Tomorrow if price is start to fall below opening price and net price, forming downtrend,
then start to short at the peak of 5 min chart, only short if downtrend is continued.
However, we are still above 200MA, 100MA, 50MA, bullish territory in general, so extra caution has to be applied by applying tight stop not to lose.
Price starts bullish direction. Flexibility is the key. Now long only.
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