The Trader's Perspective

[Sendme]

There was a nice scalp trigger on the one minute chart (but that is not a reversal chart by any means)




AH the price is trading a bunch at 10.70 which is the top trend line. Hasn't really broken out yet. That is a place that I would be taking profits (at least scaling out)



But the SPY still hasn't broken down exactly yet IMHO. All could change in the AM if this gaps lower and breaks and stays below that bottom trend line. There is the possibility that this may develop into a rising wedge.

The RSI is still above it's trend line as well. Gonna let the dust settle in the AM to see what becomes of it all.

A lot of trades AH on TVIX, could be a bull trap?



This is normally a chart set up that I would be buying into