Friday, September 17, 2010

9/17 pre-open

The spike went farther than I initially thought, but found resistance at the June high SP futures. 
Currently short 1% DJ futures, stop 10,610.  Covering at 10,531.
I count 3 waves complete on the downside, with a possible 4th completing here. 
Long night.  I would like to see prices closer to the closing yesterday.

1 comment:

  1. Steve

    So today’s the day, do we breakout above SPX 1033 and move up to the 10/2007 upper trend line or does the trend line starting 4/26 hold? If history repeats then we hold and move back down from here.

    Jack C