I saw JNJ struggle above 131 and watched it as it was grinding along. When it formed a double top and sold off to below 131 I watched it for a retest for a backside trade and took a stab around 131. As the market was quiet and I did not see much action I took it break-even. Did not want to get stuck in a trade with 132.50 being next level above.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-12-19 10:55:00 | JNJ | sell | $131.060 | short |
2018-12-19 10:57:00 | JNJ | buy | $131.080 | 0 |
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