25 Aug Trades for Weds, Aug 24, 2016: – $1,229 Losses
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9:32 – BUY 500 EXPR 12.45, SOLD 12.65, out + .20  =         + $100
9:10:41 – SHORT 9200 BBY 40avg, COVERED 6000 at 40.25, out - .25, COVERED 2200 at 39.95, out + .05, COVERED 700 at 39.93, out + .07, COVERED 200at 39.84, out + .16           =         - $1,309
11:36 – SHORT 2000 CXW 17.95avg, STOPPED 17.96, out - .01      =         - $20
1:09 – SHORT 2000 CXW 17.92avg, OVERNIGHT
Total Daily P/L:Â Â Â Â Â Â Â Â Â - $1,229 Losses
 
Summary
SPY formed a perfect storm breakdown on the 60-min chart while daily kept trying to form a pup and mini pup on the daily 5pd ma test and coils at 218.71 off the 218.45 fib. We scaled into BBY SHORTS as it squeezed but 60-minute had a mini inverse pup that didn’t quit and was good enough for a tightening back down to the daily 5 period mat 39.85 overshoots. We took CXW SHORTS overnight. Closed out the morning with - $1,229 Losses.