Friday, June 10, 2011

6/10 10:31

I had a technical composite buy signal coming into this morning.  Nasdaq came back down to re-test April 18 lows.  SPX is testing it's 160-day M/A.  DJI declined to round-number 12,000.
I bailed out of short stock ETFs as a result.
The SP futures 30-minute M/A .5% envelope held so I'm not bearish until it cracks this envelope on a 30-minute close.

The dollar rallied up to a primary hourly M/A so I sold the short Euro ETF.

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