Short Term Trading Member Forum

[Oddlot]

Re SPY: the two lower closes violate the TL enclosing low closes from Aug lows and is a classic barchart sell signal. We are in the second stretched 80week period and looking for a high of the 3.3yr cycle.

PNF 60min atr is consolidating and minor move down would short; the 30min pnf is already short.

So, to be short via SDS, buy SDS at 44.32 OB with stop at 43.64. Also, buy on stop at 45.21, risking 130pts from entry. If higher entry is triggered, cancel lower order if not done.

Oddlot