{"id":40002,"date":"2015-02-25T16:27:01","date_gmt":"2015-02-25T21:27:01","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=40002"},"modified":"2015-02-25T16:31:51","modified_gmt":"2015-02-25T21:31:51","slug":"this-price-action-often-leads-to-a-sharp-down-move","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/this-price-action-often-leads-to-a-sharp-down-move","title":{"rendered":"This Price Action Often Leads To A Sharp Down Move"},"content":{"rendered":"<p>In today&#8217;s AM Meeting I highlighted a short setup in Apple. It was based on the prior day&#8217;s price action. This pattern not only applies to AAPL but to the market more broadly and is important to learn. When the price action on the Open confirmed my short thesis I entered an automated script to get short between 131.30-131.50. Downside target of 129.60 based on recent support. Blow off move would be down to 128.50-129 based on 2.50-3 point moves AAPL has had past few months when hammered.<\/p>\n<p><iframe loading=\"lazy\" class=\"wistia_embed\" src=\"\/\/fast.wistia.net\/embed\/iframe\/1v7kfpsfev\" name=\"wistia_embed\" width=\"600\" height=\"338\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><script src=\"\/\/fast.wistia.net\/assets\/external\/E-v1.js\" async=\"\"><\/script><\/p>\n<p>I covered my short into 129.60 as I was heading for a quick trip down to Florida to escape this brutal Winter.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/02\/aapl-short-idea-triggers.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-40004\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/02\/aapl-short-idea-triggers.png\" alt=\"aapl short idea triggers\" width=\"623\" height=\"388\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/02\/aapl-short-idea-triggers.png 944w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/02\/aapl-short-idea-triggers-300x187.png 300w\" sizes=\"auto, (max-width: 623px) 100vw, 623px\" \/><\/a><\/p>\n<p><strong>Each morning we highlight and execute high probability setups\u00a0similar to this one in our <a href=\"http:\/\/www.smbtraining.com\/smb-tools\">AM Meeting<\/a>.<\/strong><\/p>\n[useful_banner_manager banners=7 count=1]\n<a href=\"http:\/\/twitter.com\/sspencer_smb\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<p>Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 18 years. His email address is: sspencer@smbcap.com.<\/p>\n<p>No relevant positions<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In today&#8217;s AM Meeting I highlighted a short setup in Apple. It was based on the prior day&#8217;s price action. This pattern not only applies to AAPL but to the market more broadly and is important to learn. When the price action on the Open confirmed my short thesis I entered an automated script to get short between 131.30-131.50. Downside &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/this-price-action-often-leads-to-a-sharp-down-move\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":40004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1343,3959,504,897,4312],"class_list":["post-40002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-action","tag-leads","tag-move","tag-price","tag-sharp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This Price Action Often Leads To A Sharp Down Move | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/this-price-action-often-leads-to-a-sharp-down-move\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Price Action Often Leads To A Sharp Down Move | SMB Training\" \/>\n<meta property=\"og:description\" content=\"In today&#8217;s AM Meeting I highlighted a short setup in Apple. It was based on the prior day&#8217;s price action. This pattern not only applies to AAPL but to the market more broadly and is important to learn. When the price action on the Open confirmed my short thesis I entered an automated script to get short between 131.30-131.50. Downside ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/this-price-action-often-leads-to-a-sharp-down-move\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-25T21:27:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-02-25T21:31:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/02\/aapl-short-idea-triggers.png\" \/>\n\t<meta property=\"og:image:width\" content=\"944\" \/>\n\t<meta property=\"og:image:height\" content=\"588\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"sspencer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sspencer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-price-action-often-leads-to-a-sharp-down-move#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/this-price-action-often-leads-to-a-sharp-down-move\"},\"author\":{\"name\":\"sspencer\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27\"},\"headline\":\"This Price Action Often Leads To A Sharp Down 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