mych36

SSO Nice Pullback after gap lower

Short
mych36 Updated   
AMEX:SSO   ProShares Ultra S&P500
4
SSO has been consolidating at highs for the past several days. Today is gapped lower and pulled back to the previous consolidation level. This could very well be a false breakout, but I couldn't pass up such a good risk/reward ratio.
Trade active:
Took half off at 86.88
Trade closed: stop reached
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