Explanation of Trade Entry and Exit

Entered long trade for the following reasons:

1. 50% retracement of Fibonacci Fan from Friday's high to yesterday's open support line was hit.
2. 5-min %D Fast Stochastic (%K Interval: 30 periods, %D Interval: 6) for SPY = 10, which is very oversold short-term
3. 1-min SDS %D (short SPY ETF) Fast Stochastic (150,30) > 90 which was well above NYSE TRIN Index of approximately 75 at the same time. This is a bullish divergence, reflects the fact that selling of the market (advances/declines, weighted by respective volume)

Closed long trade for the following reason:

Targeted a quick 4 point move, expected a pullback, but the market has continued to surge higher...we hit a prior day support line which made me exit this trade prematurely, but it is a nice profit!