- Stock retraced since the last trade. Remember, position risk management is priority over anticipated direction. Regardless of being right or wrong, keep losses small to stay in the game.
- Stock remained below the 15 minute opening range (bearish)
- Short entry off the VWAP and held until the trend was no longer valid
- Possible start of a turning point moving forward
- Notable Mentions:
- SPY reaching the 200 day SMA
Intra-day 1 Minute Chart: