31 Jul Trades for Monday, July 31, 2017: + $334 Profits
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9:34 – SHORT 500 SQ 26.75, COVERED 500 at 26.55, out + .20 = + $100
9:54 – SHORT 2000 BBY 58.37avg, COVERED 1700 at 58.27, out + .10, COVERED 200 at 58.20, out + .17, COVERED 100 at 58.07, out + .30 = + $234
Total Intra-day P/L: + $334 Profits
SPY formed a daily mini inverse pup which is bearish anchor on the market. We hit SQ SHORT for a reversion scalp. We scaled into BBY SHORT hoping to get a spike to add closer to the 58.57 fib 1.618 but took what we got. Closed out morning with + $334 Profits.