Monday, August 16, 2010
1067 Target Hit on S&P Futures
So What does this Mean? Well first of all it proved to be a great spot to get long as we only ticked down to 1066.25 and have since traded up 14+ points. I don't think we have necessarily hit bottom yet only because we spent so little time down below 1067. We did not quite get official gap fill either, so we will likely trade back down there again, the question remains when? I am flat here, but I will look to scale into a short around 1080-1082 (ES) if we tick back up there...
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