Closing ES position

Monday, October 4, 2010

Closing ES position

Unfortunately, for the bears, we were not able to close below the SPY 113.50 level. This level, provided support througout the day. We have closed our short position on the ES at 1134.50 resulting in a small loss (3 points). Our intraday trade more than made up for this and we will be watching closely to see if this level can break in the next few days (causing a short term trend reversal) or if this was a healthy pullback in strong uptrending market. As you can see from the attached chart, no technical damage was done today by the bears.

1 comment:

AnonymousOctober 4, 2010 at 2:50 PM
Good call Rampage.
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Monday, October 4, 2010