Minimum risk parameters: 1:1 reward:risk (size of profit target to size of stop loss) Generally, one should only look for longs in this climate. Shorts have a higher probability with new range expansion ( greater than 2400 ). 1st order trades are the trades you can think of. 2nd order trades are trades where the first order trade is used as stop loss but in this instance is used as a entry. Basically the general markets stop loss becomes your entry. So in today's trades, 2nd order trade would be: Short 2401 SL 2404 TP 2398, if you want to be even extra careful 3rd order trade, do the same thing. Short 2404 SL 2407 TP 2401
Surprising didn't bust through 2398 stops to spill over 2400. All signs there. So most likely flushing out longs/stops at lower value zone 2388.