Today is the last day of the Free Trial Week of TradeMaven’s Inside Edge. Join us at 8:00 am ET for opening comments.
www.trademaven.omnovia.com/tmaven, the password is 'sellers'.
With the housing market and “subprime” mortgage situation as it is, (not to mention $86 Crude) it looks like my bullish run in the e-Minis died a painful death.
The bright side is there are points to be made on the down side – or look into the Bond Futures – see link to Research Room above.
Bear Trends = SELL RALLIES. When the market comes back to S1 after going midway down to S2 – SELL, SELL, SELL!
“What are they doing? They’re selling, Mortimer!” – (BTW if you haven’t seen Trading Places yet, you need to go back to trading baseball cards.)
The trend is your friend, but resist the temptation to sell the lows - be patient and wait for a pullback to hit low volume areas (hint: those are the S/R points).
Please Keep in Mind:
CPI is due out on Wednesday
Day-Trading Support/Resistance for Tuesday:
