I'm trading the December contract of the S&P 500.
We have what I term "a split open" so the morning trade can be a long or a short.I take which ever comes first.Please note "a split open" comes with extended targets so I generally carry a small position for the extended target.
Buy 1535 AND 1534. Target 1541 Extended target is 1544 (Please note 1554 is a high probability today .According to my model its expected tomorrow so plus or minus one day is close enough for government work.)
Stops @ 1552.75
OR
Sell/Short 1544 AND 1545 target 1544.75. Extended target is 1528
Stops @1547.25
Take which ever comes first!
We have what I term "a split open" so the morning trade can be a long or a short.I take which ever comes first.Please note "a split open" comes with extended targets so I generally carry a small position for the extended target.
Buy 1535 AND 1534. Target 1541 Extended target is 1544 (Please note 1554 is a high probability today .According to my model its expected tomorrow so plus or minus one day is close enough for government work.)
Stops @ 1552.75
OR
Sell/Short 1544 AND 1545 target 1544.75. Extended target is 1528
Stops @1547.25
Take which ever comes first!
Comments
I cancel sell/short orders.
Got the 1540 on the scale out.
Failed from 1540.25 just shy of the 41 target
+5pts from buy 1535
+1.75 from buy 1534