SPY Sell Off Continues

I'm going bearish at the SPY break of 281.24.
Stop at 282.30
Target 276.25
Would be over 4R if triggers and position is held all the way.

There was a 61.8% retrace, and several examples of divergence on the indicators..

Also, UVXY could be finding a bottom here..

Travis
JMJ - UIOGD

Trade active:

a good start so far

Trade active:

still looking good..

moving stop to 281.05 will guarantee a profit... close to a break even making this a risk free trade!

Trade closed manually:

this trade is closed with a SMALL GAIN based on the moved stop..

too bad because there are reasons favoring it to go lower...i may reenter short with a stop over yesterdays high.