Tuesday, May 26, 2009

Bullish Environment = Buy 5 pt ES, or 50 pt YM pullbacks

At 10:30AM the environment is bullish after a strong consumer confidence reading of 54.9 vs 40.8.

The high in the ES is 902.50 and the YM 8423

Buy 5 pt pullbacks in ES at 897.50, risk 4 pts, target 7 pts profit.
Buy 50 pt pullbacks in YM at 8373, risk 40 pts, target 70 pts profit.

Tim
10:36AM.... new highs were just reached at 904.25 and YM 8436.... adjust accordingly

No comments: