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.
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Steve
ReplyDeleteSo 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