Disliked{quote} There are a few things in play with this trade. You aren't necessarily wrong to have taken it, however here are some things to think about. The first trade of the day was short. My play here is to hold and try to get a break of the level. I will always take a low or high if it is the first trade of the day but when a trade is already running it isn't as clear a choice. The NY close and low of the day on Friday were very close together and the bounce at the NY close price could be seen as a test of the low. Once price broke below the level...Ignored
SP, would the first test of that level from below (Friday low, weekly close) not have been enough reason for a quick short?