06 April 2010

ED Futures : EDU1 Testing Strong UpTL

  • Check out UpTL on weekly chart (bold purple line).
  • At least 5, if not 6 points of contact. So a break would be highly significant.
  • Support is now at 97-84 vs last at 97-88. Low traded last night was 97-83.5.
  • Daily already bearish. Large inverse saucer top evident.

3 comments:

Taichiseal said...

Initiated short EDU1 @ 9790.

Taichiseal said...

2nd shot @ 9791. Half of intended position on now. Average in 9790.5. For other half, await break of 9783.5.

Taichiseal said...

Cut loss at 97.99. Should not have done the trade in anticipation of the UpTL break. Mistake.