Cover at 2055
Covered in early morning trade and S/T BUY signal at 2058
Cover if closing back below 2052
Tight trailing stop
A navigation system for trading the S&P500 index
Covered in early morning trade and S/T BUY signal at 2058
Cover if closing back below 2052
Tight trailing stop
Failure of the early bounce and no reason to be long.
Covered short position at 2095, just can't argue with the market.
Not completely surprised that the market sold into that move (high Skew).
A coin toss whether to enter long or not at the close of 2083. I decided not to, due to perceived risk. (high skew).
Strength today would give more credence to yesterday's 'Buy Signal'.
Failure in early trade below 2080 initiates a short signal.
Watch the strong support at 2066.
Strength above 2065, Cover and S/T Buy Signal, cover if falls back below 2050