As Good As It Gets 05/23/12

A short trade set up this morning is about as good as it gets.

1. Momentum is bearish on the 1, 5 and 15 minutes charts
2. The advance - decline line is below -1000 (top chart)
3. The $TICK is in a down trend ( top charts)
4. The market is below S1
5. We get a small correction back to S1 and the 20 bar SMA for a short entry (top chart)
6. Sellers send the market to S2

Charles