the TIF active short has exceeded the first (tight) stop level and is currently just below the 2nd, more liberal suggested stop. as i continue to prefer wide stops lately, i pulled my original tight stop and am still short TIF but won’t allow it much room above the stop 2 level. from entry, this trade is down 6.5%, still offering an excellent R/R from the original entry considering the primary target of 39.65. TIF could also provide an objective add-on or new entry short here with a tight stop above that level which would offer a tremendous R/R is the downside target is hit (which is still very likely IMO) and as such, i will add this to the short setups category. updated daily chart shown.
