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 1550. AND 1549.25. Target 1554 Extended target is 1570.25
Stops @ 1547.75
OR
Sell/Short 1555.25 AND 1556.25 target 1550.5. Extended target is 1545
Stops @1557.75
(Please note 1540 is a high probability today .According to my model its expected tomorrow so plus or minus one day is close enough for government work.)
Take which ever comes
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 1550. AND 1549.25. Target 1554 Extended target is 1570.25
Stops @ 1547.75
OR
Sell/Short 1555.25 AND 1556.25 target 1550.5. Extended target is 1545
Stops @1557.75
(Please note 1540 is a high probability today .According to my model its expected tomorrow so plus or minus one day is close enough for government work.)
Take which ever comes
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