Pete's Place

just noticed, I was looking at yesterday's breadth.
Todays looks pretty bullish, about +500 right now.

 

tgt 1 hit + 4.0
stop on #2 to 53.0

 

motivation for tgt 1 was yesterday's close (fill the gap)

tgt 2 is the 200 SMA on the 11 min which has been respected as of late

 

that last bounce was the 200 SMA on the *2 min* chart

yikes

sticking to the plan: no adjustments after initial instructions.
Stop is at 53, target is 200 sma *11 min* (41.5)

 

tgt 2 hit + 11

results from this trade: +4.0, +11.0

 

traced back to the 200 SMA on the 11 min, not a bad place to reshort but not on my entry menu. Thus I pass.

 

short 42.0

 

motivation

 

TGT 1 36 (around the last low)
Tgt 2 32 (around yesterday's low)

 

motivation from 2 min chart