New Longs Or Shorts For S&P 500

click chart to enlarge
(then hit the "back" button in your browser to return here)

Futures and options trading contain substantial risk of loss and may not be suitable for all investors.

We thought it might be a good idea to share with those not receiving our weekly Trade Focus the March Emini S&P 500 section. Here you will see how new short or long entries can be initiated with the prospect of catching the next move.

The above chart is a Weekly Emini S&P 500.

From 12/17/09

S&P 500 (Mar. EMini) – We are adding a new short entry approach along with the one from last week. This will be to initiate a short entry with intraday penetration of 107475 or a close at or below 107975. Stop protection for this approach we believe should be intraday penetration of 111475 or a close at or above 110925. The second of our suggested short entry approaches can be for new or additional short entries with intraday penetration of 106150 or a close at or below 107175. Stop protection for this approach should be intraday penetration of 110725. We won’t forget our suggested long entry which we will amend to intraday penetration of 111975 or a close at or above 111725. Stop protection for this suggested long entry approach we believe should be intraday penetration of 109725. Retracement levels of support are approx.: 107875; 106750; 105650. The next series below is approx.: 105975; 104225; 102500. Based on weekly data the retracement resistance levels are approx.: 112500; 123375.

We're always open and receptive to comments and observation

Good Trading To All

Jeff

CB&S