Not a great way to start out today on this shortened trading day before the fourth of July. I still needed to hit my profitable target for the week and I knew that I had to stay bullish. As the Q's were heading upward I found this 5 minute buy setting up in AIG which triggered. What could go wrong on a buy setup with the overall market? Well, it went really wrong as I watch price crumble and head lower and I was forced to take a full stop out, ouch! I guess I should have been more aware of the topping tail on the 60 minute chart during the first hour of trading.
AIG 07032014