My next play came during late lunch time about 1:15 pm, I shorted STI which I found during my morning gap scan before the market opened. Many in my trading room at Affinity took the trade as it broke down lower just after 10 am reversal time. It fell like a rock without me, no problem, I’ll just wait for the 15 minute sell setup and take the play then, and that is exactly what I did. It took a while for the smaller time frames to fix themselves for a short, but when they did I entered STI short just after a GBI(green bar ignored). My short in STI did not hit target 1, but ended as a profitable trade at about 3:15 pm when I trailed out of the play using 2 minute pivots. I started to trail the play tighter as the market become bullish as we were heading into the close and the market was due to rally. Overall, with my trade in PEP and STI it was a very profitable day 🙂
STI