Friday, June 5, 2009

Long Entry - 937 or better - ESM9

First 30-45 minutes is again nervous "call selling" on the price decline - I saw and called out an entry at 936 on the ESM9 and think 5 points is possible from this oversold level, risk was 4 pts, now raise stop to 936 - (trading 939.50 as I type) - target is 941 on this oversold bounce -

There is a good chance we will see an extra-ordinary powerful signal today that is worth 10-15 handles in the S&P - so be ready for that signal - be on alert -

For now, trade oversold from the long side and exit on strength -

Friday, June 5, 10:26AM

1 comment:

Tim West said...

Target reached: 936 - 941. Also 937-941.