Monday trade - STP

I traded STP as a bearish pennant. You can see the nice volume contraction and the three inverted hammers in a row. Oil was starting to move down after gapping up, XLF was setting up an inverted cup and handle, and the Nasdaq started making new lows. I thought seriously about exiting at 21, but I ended up getting out at 21.18 for a 1.38R trade. Once USO hit support at 59, the whole market turned back around along with oil. I've pointed out before how the market is moving directly with oil now instead of inversely and this continues to be the case.

Setup: 80