SPXU opened at 42.43 today which stopped out the trade.
As I said in the most recent post, I still want to attempt a counter trend trade if the move to/towards new highs looks weak and results in a failed breakout. Today is looking like that so far.
For those interested in any possible new trade, check back today before the close. I will try to get any trade up within the last 30 min of the day.
For clarification, this trade, as with most recent counter trend trades, are being taken on the prospect of major trend reversals and somewhat longer holding periods compared to typical past short-term blog trades.
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