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
Friday, June 5, 2009
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1 comment:
Target reached: 936 - 941. Also 937-941.
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