February 27, 2013
- in Uncategorized by schooloftrade
E-Mini S&P Anchor Chart Prep
 |
| E-Mini S&P Anchor Chart Prep |
The E-Mini
S&P is trading just above the PHOD at 1497.50 so we are looking for 1 of 2
scenarios this morning.
S&P is trading just above the PHOD at 1497.50 so we are looking for 1 of 2
scenarios this morning.
First, if we go
higher I am looking for a Wave Set-Up long above 1502.25 using our entry signal.
higher I am looking for a Wave Set-Up long above 1502.25 using our entry signal.
If price fails to move higher I am looking for
a re-entry back below the PHOD and into the range from yesterday. I will get short with the fake-out-breakout above
the PHOD and use the PLOD as the final profit-target on the short.
a re-entry back below the PHOD and into the range from yesterday. I will get short with the fake-out-breakout above
the PHOD and use the PLOD as the final profit-target on the short.
