the day Play by Play

So... we bled off the momentum from our 235 point day, had a pause yesterday, and there was more pain for the shorts. But it was a good day to see if the momentum would continue or if we would break down.....
At the usual 10:30-11 morning momentum pivot time, volume picked up and we started selling....
Bla bla bla... the downside momentum ended, and we caught a bounce.

Tony asked if what I posted in red was a Flag.... Marked in green is where I would have like to have seen a Nice 2 Swing small bear flag testing the upper green line twice and breaking down... It ...SORT of played that way... In a way it kind of was a move that looked like it wanted to be shot.
So..... here it is... suddenly a ton of tight stops got hit, and we broke down... and we got a second swing.... I did play this... and it scared the shit out of me with all that volume going both ways. I figured we would get a Real Bear flag out of it.... or something like a bear flag to play....

but the bias was for downside, based on the break down... so the question was... where to start a new position.. So... I set up 3 sets of swing lines. Lt Blue, Dark Blue, and Green. I was hoping we would hit Green or Dark blue, then I could hit it... but no luck... things were weaker than that....

So.... we want the weaker pattern than the Flag... so we look for a Pennant, and Right .... it's a 2 swing pattern.... and the setup was perfect... and we had 2 possible points and they both setup at the same time... and We just sold into it.... End of the day, it hit it's target, and I exited Most of the position, leaving some on the table to see what the futures bring. Very Happy, 3 trades, 2 paid, one went neutral.

Though I talked about a flag setup... it blew up before I could play it.