{"id":8336,"date":"2010-11-12T15:00:06","date_gmt":"2010-11-12T20:00:06","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=8336"},"modified":"2010-11-12T15:00:06","modified_gmt":"2010-11-12T20:00:06","slug":"a-simple-setup","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-simple-setup","title":{"rendered":"A simple setup"},"content":{"rendered":"

Just a quick note.\u00a0 Here is a setup you can make over and over.<\/p>\n

    \n
  1. A market tests support several times.\u00a0 The more times a level is tested, the more likely it is to break.\u00a0 Also, notice the lower highs into the level.\u00a0 (This is the opposite of price rejection<\/span><\/a>.)<\/li>\n
  2. Support breaks and the market trades lower.<\/li>\n
  3. Short on the retest of previous support.<\/li>\n<\/ol>\n

    This works over and over, in all markets and all timeframes.\u00a0 In this case, it gave our desk a good bias below this 120.70 level on the SPY today.\u00a0 (This was also the 1202 level I tweeted this morning.)\u00a0 This is a good, simple setup that everyone can make part of their trading plan.<\/p>\n

    \"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    Selling a retest of broken support can be a great setup.<\/p>\n","protected":false},"author":388,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[943,3,1373],"tags":[1376],"class_list":["post-8336","post","type-post","status-publish","format-standard","hentry","category-adam-grimess-blogs","category-technical_plays","category-trading-lesson","tag-p","no-post-thumbnail"],"yoast_head":"\nA simple setup | 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\/a-simple-setup\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A simple setup | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Selling a retest of broken support can be a great setup.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/a-simple-setup\" \/>\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=\"2010-11-12T20:00:06+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/11\/2AHG-11-12-10@14-23-24.jpg\" \/>\n<meta name=\"author\" content=\"Adam\" \/>\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=\"Adam\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script 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