Candles show potential reversal pattern. Stop at $112.15. Tentative Target at $111.22.
If SPY confirms movement below $111.76, I will add to my short position.
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Active trading (or Day Trading) is not a game, it has a very high level of risk. It is possible to lose all of the funds that you invest in your trades. It is not recommended for inexperienced traders or for persons who do not have sufficient resources and time to devote to their trading activities. Active trading is a serious commitment that should not be undertaken unless you are able to handle high risk and high stress well, and are willing to consistently adhere to objective and disciplined trading strategies and approaches.
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