spy intraday flag

Watch teh current forming bear flag for a shorting location

Trade active

So far not playing out, but wanted to put forward something that could possibly happen in real time for you guys.

Will provide update if i see that short come in.

Note

just cause it is called a bear flag, that also can become a v bottom, do not just short because it is called bear something. Have a plan!

Note

so far a do nothing market, From open we now are inside the last hour that inside the first open hour, That is a stuck market, be careful.

Note

Green arrows showing first hour making up the engulfing candle or outside period

Note

the flag did break, short was taken when my TDN indicator triggered. now if that was missed a possible short from the backtest of the break down occurs. This can be a resistance line or the flag bottom line

alleytrader

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alleytrader

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