"The only way to trade with Fibonaccis" journal

Considering opening a position of SH (short SPY) depending on what price does in the next few days.

If price is going to go down, there's no reason I shouldn't make some money on it while I'm waiting for it to go back up to my target profit (or at least get close enough where I can sell some covered calls).

 

big doji today. yawn. Should've bought some SH a few days ago. Would've made a nice 1-2 dollar profit today.

 

Whoa, big gap up today. Just over $1 to the profit target.

 

SO CLOSE!

 

$0.72 away from the target.

I should just make it $134 even.

 

no charts?

 

I posted a chart on 3/29 and an open P/L statement on 4/6.

There are no intraday charts or anything cuz I'm trading off the dailies and Scottrade doesn't show charts with entries and exits.

 

More resistance at 134.

 

A doji. And like a triple top right here.

 

TEN CENTS AWAY