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  NICE trade!   

  So glad you traded this short trend with a protective stop.

   I have to admit many times I have a winner working, anticipate an UPCOMING trade date or objective, and then suddenly get a move against me and barely reap a profit.

  Personally, I am looking for a pullback to moc Tuesday or Thursday to initiate a long.  

  WHY?

  1.  Daily and weekly low was Thursday

  2.  Markets tend to peak/tough day before/after a trading holiday

  3.  RSI and %R should test lows

  4.  AND markets tend to retest lows/highs 3 trading days after peak/tough

  Perhaps you could grace us with your chart system after today's close.

  TIA for your time

I'll post a chart. I base my stops/profits on  a percentage move away from the 23 & 30 day EMA.

Nice trade Mike!

Nice trade Mike.... the best part of this trade is that it gave a trader 2 chances to get short in the last 2 sessions 

right @ the "FISH-HOOK" (* old support channel now RESISTANCE channel*)...up now currently at 5-09-1/2ish area ...