28 December 2011

S&P500 : Short ESH2 @ 1260

  • S&P on daily chart (futures front month continuation) traded up to resistance line at 1264.
  • Had some room left to increase Risk Off. Filled it with small short ESH2 @ 1260 with stop above next resistance point on the same line, at 1272.
  • Weekly chart is messy. But should face resistance at neckline of earlier SHS top at around 1265, thus supporting the daily short trade on a higher time frame.

1 comment:

Taichiseal said...

Stopped out at 1259.