In reviewing the current active short trades, I noticed that I had incorrectly typed 61.60 as the suggested stop on the previous update to the C short trade. My intention was to list the stop on a move above 51.60, where the red horizontal line on that last daily chart comes in. I’d assume that anyone who took the trade probably figured that out when viewing the chart but if not, I wanted to share that level and although this might be too late for some (my apologies if so), my preference is to see an close above that level in order to trigger the stop. C did manage to trade as high as 52.10 early today but has since fallen back below that resistance level. Again, the preferred stop for C is a daily close above the 51.60 level, which may or may not happen today.
