Hi All,

SPY has a nasty gap down as the daily turns into an inverse pup breakdown.  SPY attempted to coil but peaked out at 201 and flushed back down through 200.  We hit SNDK LONG at 79.18avg for a coil off the 79.07 fib support to scalp into the 1 minute mini pup thrusts along with the 5 minute SPY mini pup to scale out 79.78 and 79.74, out + .60 and + .56.  We hit JPM SHORT at 56.55 to scalp 56.41, out + .14.  We tested a GILD SHORT at 98.89 but stopped out 99.13, out - .14 as bidder protected the 5 min 5 period ma.  We hit FB SHORT at 76.75 for a fib break with SPY leans to scalp out 76.53, out + .22.  We hit MU SHORT at 31.14 to scalp 31.02 on the 5 min 5 period ma, out + .12.  We re-SHORTED MU at 31.01 on the 5 min 5 period ma break and market structure high trigger to scalp 30.92 and 30.85 into the 15 min 50 period ma overshoots, out + .09 and + .16.  We hit YUM SHORT at 72.06 for a scalp at 71.91, out + .15.  Carved out + $884 profits this morning.