SPY by Joab

J

Joab

I've been patiently waiting for this retracement to get short again and then retest the 03 05 lows.

We are currently at 140.74 (.382) and I may nibble a little here.

Ideally, I would love to sell into 141.80 area Intraday today. .500 retracement.




:cool:
 
wow

I didn't expect to get a $1.00 cushion in 30 mins but I will take it.

Stop now to entry and target is 138.00

retest of swing lows :)
 
thanks, Cal

This is a Swing trade, so I'm holding to target.

I'm not counting my chickens yet, this market has sold off strong then grinded it's way back.

I'm a little concerned that we didn't test the .50 retracement or the 20 day ema on the SPY's though :(

However probabilities are in my favor now and the cushion helps :)
 
I'm probably going to regret this but I've decided to take half profits +.90

I just don't like the fact that we didn't retrace as far as I think we could have for another leg down.

Stop remains entry on remaining shares.
 
Well I guess I'm not as stupid as "I" think I am .... lol



Watch the 141.80 area Intraday tomorrow.

We "may" get another crack at this !

I will post asap after an entry.
 
Quote from Joab:

Well I guess I'm not as stupid as "I" think I am .... lol



Watch the 141.80 area Intraday tomorrow.

We "may" get another crack at this !

I will post asap after an entry.
More...

TXN down after hours, may keep the techs down tomorrow.


I went short EWZ today looking to cover below 44.
 
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