Jobs report day. Futures traded down to yesterday's lows and rallied a bit. I normally clear positions ahead of this report, but kept the 3% SDS and short mutual funds. Would not be surprised to see a rally.
Impossible to provide analysis other than it appears that a 5 down is complete at yesterday's lows.
SP futures have not yet come back to the 30-minute M/A. This allowed the M/A to track down on prices. A good report will take prices to the 30-minute M/A envelope of .5%. This would allow me to short and wait for a 30-minute close beyond the envelope (hopefully at a very small loss).
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment