Tuesday, October 5, 2010

Bearish Divergence being tested but still intact

If you see the CCI(20) and MACD the bearish trend line is in tach but we need to hold the high today or I am in risk in my trade. Using SPXU (spx 3x ETF) in this short trade, I'm currently down 3.8%. Exiting a losing trade is 2 fold, high risk and low risk. For lower risk, exiting off of the bearish divergence trend line shown below and higher risk where CCI(20), RSI, MACD make a new high. from your entry of the position. Here is the 60 minute chart below:

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