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Today we look at SPY on the 5 minute chart. After Clay sets the scene regarding the next candle and polls the room for what they would alert had they saw the same thing. He alerted ‘SPY 5 minute bounce possible fake break of 200sma.’ Everyone sends in their trade plans and we scroll the chart. Sure enough we get a fake breakout before it retreats toward the days low. Regardless of how you managed your stop loss you should have logically made it past our initial target. Let your winners win for as long as they are willing.