This is a bearish swing trade I may enter next week. If I do I and it moves in my favor I will be very aggressive when it comes to moving my stop. My 2R target is down at $45.85 but there are three pivot lows that will be in between
my entry and my target.
To me, AMCX looks pretty weak and even weaker when looking at the hourly chart.
I am considering taking this Bearish swing trade on SWKS. One thing I worry about is if I am triggered into the trade SWKS just recently bounced nicely off of the 20 EMA. If I get triggered in Monday or Tuesday, most likely the 20 EMA will be just below my entry. I sort of would rather have SWKS move sideways a few days allowing the 20 EMA to move above my trigger...
This is a trade I entered on Friday as a hedge of my other long swing trades. My hope is that the SPY keeps moving higher stopping me out of this position because that will be most beneficial to my long swing trades.
