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 1580.5 AND 1579.25. Target 1584 Extended target is 1588.25 (Please note 1594 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 @ 1578.25
OR
Sell/Short 1583.25 AND 1584.5 target 1579.75. Extended target is 1565
Stops @1585.75
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 1580.5 AND 1579.25. Target 1584 Extended target is 1588.25 (Please note 1594 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 @ 1578.25
OR
Sell/Short 1583.25 AND 1584.5 target 1579.75. Extended target is 1565
Stops @1585.75
Take which ever comes first!
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