On Nov 18th our SPY SHORT trade hit its STOP. Profit $139

So we called the double top and took a short trade on SPY. We shorted 100 shares at $121.02 with our stop above the high at $122.96. We were correct and the market sold off hard and the SPY hit as low as $117.59. We did not take profits at this time. Instead we moved our STOP to $119.55 to lock in $137 profit on the trade and let the trade run (we wanted the market to go lower). The next day the market bounced and hit our stop. We covered our SHORT position at $119.53 for a profit of $139 on the trade.

Below is the chart set up we saw and the trade details.