nolanrj44

Small Short to 232

Short
nolanrj44 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Position via HIU. Small b/c of the lack of volume.

1st target: 232
2nd target: 220

- Daily candled closed under EMAs
- Ema crossovers on the 4 hr
- RSI under 50
- MFI out of overbought
- MACD crossover impending
Comment:
Mightve jumped the gun on this one, a rally to 270 or even 285 is possible so the R/R isn't great... will downsize position if close over 21 day ema
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