My next play was a 15 minute sell in LLY at 1:45 just as we were ending lunch. I found LLY on my gap down list just a beautiful mortgage type gap that many traders were reward handsomely this morning by shoring the first sell setup. I missed the morning play so I thought I would take a crack at the first 15 min sell. I kept it tight since I really did not like the area of the setup above the declining 20 ma. Price action fell nicely in the beginning only then to start basing. Once price action bases the next move should be lower, once price broke upward, I just killed the trade with a small gain.
