Tuesday, June 16, 2009

Buy Signal: Short term Only 1:52PM

ESU9 908.25 Low, 911.50 last, 914 target.

Buy 911 or better with a 908.50 stop.

Reverse and go short at 907 if stopped out.

Use a 911 stop once short.

The setup here is high put buying, short term which could set up a short-covering rally.

The background is that options expiration is this Friday and 900 is a level that will likely attract the market.

910.75 last
1:53PM

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