Thursday, November 18, 2010

Markets Gapping Up

Strong performance in Asia and Europe along with Euro gains/Dollar Index weakness, help Futures to rally over night.

Levels to watch this morning:

Resistance above at: 1193-1194, 1197-1198, 1201-1202, 1207-1208
Support below at: 1187-1188, 1185-1186, 1181-1182, 1177-1178, 1173-1174

I will look to cover my swing long SPY (that I entered back on November 16th) above $120 for break even or a small profit. I believe the markets should reverse back down to allow me to get an entry lower.

2 comments:

  1. Cover SPY Swing Long at 120.05
    Short ES at 1195.50

    ReplyDelete
  2. Target on the ES Short is 1193. I would have gone for more, but market has already moved against me...

    ReplyDelete