YMM1, (3, -1) price projection, faded 1st move down at Stretch

Hi,
Basis trading the June e-mini $5 Dow futures from unchanged, I faded the first move, lower, at the Stretch, i.e., 12072 - 33 = 12039 (12048 average long).

hi hunter, thanks for the post

what was your stop loss on this trade ?

thanks