29 April 2010

S&P500 : Fresh Short ESM0 @ 1200

  • Monthly still uptrend.
  • Weekly : Possible pause to uptrend, if not reversal this week.
  • Daily : Broken UpTL, now pulled back all the way to the break level.
  • Small short ESM0 taken at 1200.
  • Trial trade only. Wait to see how this develops.
  • This helps lock in some profits and/or reduce risk in Risk On trades eg long CAD.

1 comment:

Taichiseal said...

-1203.

Average in-rate 1201.5