I'm Short E-SPUs

i dont how to rate a thread but ur last call was pretty close one...

i was thinking of going long but after seeing ur thread i am thinking of shorting...
 
Quote from PohPoh:

Tight stop for such a big target...
Good luck
More...

I didn't use stops on that play. I knew if bulls had an exhausted move passed the triple top at the previous high, and being pre-market at the time you can't chase a good fill, I knew resistence would push prices hard from R1 to near breakeven and I'd reevaluate. At the stall, I bailed for a loss of a tick.

I began thinking at the open last night that we're set up for a thrust rally in the weekly. It was looking like it was blown for a few moves. I thought I'd test the waters.

We'll drift and chop here until the Leading Index report today at 10:00 EST and the Red & Beige Books Tues and Wed.

I'm still looking for a top.
 
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