SPX is trading in a range in the last 20 days as you can see by the frequent MACD and Moving Average crossovers. Since, BB is inside the KC, the idea is to jump in the winning side of the battle of bulls vs bears at the same moment that volatility start to come back to town.
There is nothing really special about the stop loss of this trade, they are around the middle of the box some tix more than some key leves (01/30 close for the short and 02/03 close for the long).
There is nothing really special about the stop loss of this trade, they are around the middle of the box some tix more than some key leves (01/30 close for the short and 02/03 close for the long).