This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
I looked after 2 pm eastern today (volume picks up then), to see a momentum push down on SPY 2 minute chart to support. A bear flag formed, and support failed the 2nd test of the day from a bear flag. Played pullback to 8 ema on the bear flag, waited for momo to shift down, and captured 18 cents.
SPY Scalp:
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
