We Have a Swing Day Setup on the SPX . The best way to trade this is if the price gets to the Friday high early in the session I will sell short there ... with a target of Friday low... If the price goes to the Friday lows early and then back up to the high I will most likely not trade this setup. In other words.... I would like to see an early up tick first but not to far above Fridays high the a sell off.
To Day the markets are somewhat mixed.
Es Futures Sold down to Monday lows and are now trading near yesterdays close.
US Dollar is down a bit.
Oil is flat and Gold is up.
Asian Markets sold off and the European markets are flat.
I would wait until the consumer confidence report at 10 Am est. before taking a trade.
Tuesday, August 25, 2009
Pre Market TAO Tues 8-25098
Posted by Neboxian at 8:31 AM
Labels: day trading Journal, spx, Swing Day Setup
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