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In today’s webinar we look at the 5 minute chart for SPY. Clay explains the minefield setup and why it makes it difficult for the bulls to break through to the upside. After that discussion, we look at a logical location for a stop loss. Using an old support level (now turned resistance) we see a specific price we should be above. After everyone sets up their trade plans we scroll the chart. After it pushes into the minefield it turns right around and falls to the 50 sma before bouncing. This trade ultimately reached target depending on how you trailed your winner.