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 1490. AND 1489.25. Target 1494 Extended target is 1500.25Stops @ 1487.75
OR
Sell/Short 1500.75 AND 1502.00 target 1493.5.5. Extended target is 1490.5Stops @1503.75
(Please note 1480 is a high probability today .According to my model its expected tomorrow 10/23 so plus or minus one day is close enough for government work.)
Take which ever trade 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 1490. AND 1489.25. Target 1494 Extended target is 1500.25Stops @ 1487.75
OR
Sell/Short 1500.75 AND 1502.00 target 1493.5.5. Extended target is 1490.5Stops @1503.75
(Please note 1480 is a high probability today .According to my model its expected tomorrow 10/23 so plus or minus one day is close enough for government work.)
Take which ever trade comes first !
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