This was a good trade, even though it was a cost. I cut my losses quickly, followed the price action in both higher timeframe and lower timeframe charts, EMA 3&8 showing bullishness in 5min, 3min and 1min charts. $SPY bounced up off POC in 1min & 3min charts, didn't play up @ h.o.d. and moving up toward POC in 5min chart. Overall, markets were red for the day, but trending up intraday. 4hr chart shows up trend. Considered this to be a turn up after a pullback.