A decline to 1499.60 gets me short gold.
Thursday, April 21, 2011
SPX looks to have another pop higher out of a rectangle. This will bring stock futures close to their highs overnight, which would be a good place to short. I'm currently on sell signals for DJ 10-minute and NQ 15-minute M/As which won't reverse until DJ futures 12,477 and NQ 2383.75. Last nights highs are 12,468 and 2,382.75. Putting a sell order in at DJ June 12,463. This may not go but if it does it will be a good entry point with at stop at 12,478.