|
PureBytes Links
Trading Reference Links
|
Recap: There was no official trade since neither the S&P or Nasdaq
entered their trading ranges [S&P trading range was 1281.8 to 1295.2
and Nasdaq was 2412 to 2438].I do not usually post the level above
which was 1307.6 which was an ideal place to short.I was looking to
buy on a strong breakout which this was not.
S&P closed at 1296.2.Buy at support of 1292.5 with stop loss at
1288.6..Profit target to min. of 1298.3 which is pretty close to
150% of stop loss and max. to 1299.9.
Sell at resistance of 1299.9 with stop loss at 1303.6.Profit target
to min. of 1294.4 to max. of 1292.5.
Resistance level above in case we are out of range again is 1308.5
Take whichever trade comes first.
Nasdaq closed at 2451.Buy at support of 2440 with stop loss at
2428.Profit target to min. 2452 and max. of 2458.
Sell at 2462 with stop loss at 2474.Profit target at min. 2448 and
max. of 2441.
Take whichever trade comes first.
Have a good day tomorrow.
John
|