Market direction trade - short Dow (trade closed - loss $89.70 (1.82%)

Trade alert: Tomorrow morning, if market opens lower I will be buying SDOW (short DOW).
Reasons: High probability setup: Bollinger band squeeze, today was first down day after string of up-days and DOW touched upper bollinger band.   Also MACD and RSI are in oversold territory and pointing lower.
On a macro note, emerging markets are weak, oil 5 years low and dragging down energy stocks, all pointing out for a correction.
I will put a tight stop loss at $0.30 below my entry point.  And will be moving up my stop losses as my position progresses

Update SDOW trade

As discussed in my yesterday post, this morning around 10.30, i bought SDOW at $21.39 (Stop loss @ $21.00).
Unfortunately, DOW didnt keep dropping during the day as i expected and SDOW hit my SL in the afternoon. Trade closed. 

Result: loss .39/21.39=1.82%