We got our pull back in the SPY but we did not get taken out, with our stop at 179.97. Don't move stop for tomorrow. We will have a retracement back to (or around) 179.24, this is the 50% retracement for short. So if you missed Yesterday shorts you will have a second chance tomorrow. You may also buy your options if we get a bounce lower with the indicators supporting the move lower. If you get in short tomorrow place your stop at 179.63. That is above the 61.8 half back short. If it breaks, then we may go higher.
Looking for a lower target at the 175.74
Options: Look for a put around 179, (at the money put) with your stop above the high for today.
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