DAYTRADE: Short the S&P with a tight stop!

Updated
Let's take a shot shorting the S&P here @ 2930. See the chart above for my reasoning -- posting this quickly!

Short S&P @ 2930
Target 1: 2915
Target 2: 2890
Stop: 2940
Trade active
Trade closed: target reached
Target 1 reached. High potential for target 2. I do not expect the market to sell off much more than target 2 in the short term, however.
Note
Target 2 Reached
Trend Analysis

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