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Today we look at the 5 minute chart of SPY. After taking some time to talk about the gap closing and possible red flags for why we would have looked for more downside, we set up a trade plan for the charts current location. We see a grandma number is present along with a mini grandma. As we scroll the chart we see that it does breakdown through the identified support. Clay talks about the importance of mitigating and NOT just taking yourself out of a trade for no reason. This definitely does not constitute a grand slam but it was a well executed RvR trade.