22 September 2011

SP500 : Crucial Day

  • Major weakness pre-US market open. ESZ1 @ 1128, where I have triggered half of my intended pyramid sell stop-in.
  • ESZ1 trades about 7-8 points under cash. At 1128 now, futures are calling for cash open around 1136.
  • Monthly : Middle of fresh down leg. Uptrend over.
  • Weekly : Triangle base support line at 1145 ie futures pricing downside break already.
  • Daily : Recent low at 1136 from where we bounced to 1220.
  • If we close tonight below 1136, I will put on the balance of my intended increased position.
  • Shaping up to be a blood-bath day. Let's see if the close confirms.
  • [The core book table now shows relative risk taken by font size].

1 comment:

Taichiseal said...

Cut half at 1171. Average now 1174. :(