Monday, June 17, 2013

June 17, 2013 Market Action

The market gapped up higher today above three resistance
levels and then ran up to exceed the the fourth level
at 1369.50. The push thru was brief and after chopping
sideway another attempt to push through failed the
selling started. That set up for great shorting opportunity
which had a potential profit of about 15 es points.
The key in a market like that was to be patient and
wait for the right setup.

If you missed that one there were some other bounces that
were very shortable if you had the right method and
techniques to enter. Later a 123 bottom formed giving
us another opportunity to get long and with a profit
potential of about 10 es points.

If you would like to know more about my setups and
the techniques I have used for over thirty years check
out the Ebook and some of the other trading courses on
the website.


No comments: