Replies to post #78660 on SPDR S&P 500 (SPY)

[Fox13]

Yes you do. Actually, I had three reasons:

1. Deep red candle after high Doji. Doji placed on the upper limit of the BB.
2. Decisive rejection at 1x1 and drop inside of the BB.
3. MACD shift: pointing down and ready for cross-over.

Stop = if a green crossing of 1x1 occurs.
(When I have a risky and early entry point, like this one, I like to have a technically set STOP.)