Follow Up on the Dollar Range-SPY

If I'm a short term trader, I take this trade long the SPY right here (short term meaning I have the ability to close the trade today if need be).

Remember what I said about the US dollar perhaps giving the market a little breathing room. Two things I like here, 1) the positive divergence, 2) the positive divergence into a breach of the intraday lows -finally, from a risk perspective, your stop is only a fraction of a percent away, maybe just below the new intraday lows.