RIMM, SPY

Done for the day today. Had 2 small losers in DISH and ENER. Both were long. The short trades worked out as planned.


SPY formed a bear flag against 20EMA and daily pivot. 7th bar was a NR7 and inside bar. Shorted when the low of the 6th bar was taken out. Covered completely near the 5 DMA, PDL & S1.


Price below PDL. Formed a bear flag against the 5 EMA. 6th bar was NR7. Entered short on the break of the 6th bar low and covered completely a few pennies above 50%FE measured from day's high to the break of the consolidation.