Is that a Pin Bar I see?

Is that a Pin Bar I see?

The market just popped out to a new all time high then got a quick rejection.

What does a pin bar mean?

It is traditionally a reversal candle.

However when there is a strong uptrend like we are seeing on the SP500 you must exercise extreme caution shorting a freight train.

Check out the Chart below.

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Pin Watch for break

There is a great opportunity here because you can go short on the break below.

Be patient do not get faked out or do not try to go in early.

If this does break lower could be a good trade.

Always manage risk and be careful.

To Your Trading Success,

Casey Stubbs