Description
⋅ 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.