SPY 5Min - Gap down open - daytrade

٣١ يوليو ٢٠١٤

Buy long on first bar break to upside with target just below yesterday's low (additional units could hold for return to yesterday's Vwap. This is a strong down move and LT charts show lower potential, so the idea here is a quick scalp for the daily target of .4 points (equivalent to 4 SP points)