SPI Trading 2nd January part 2
10:05
Higher open than expected @ 6359 and looking for the market to push down and complete the 44 point range from Monday @ 6339.
1. Entry short 6344
Looking for a continuation down from 6339 and head back into the 3-day lows @ 6295
Stopped 6348
2. Reversed into long 6348 (rising upwards from R44 low and R11 reversal
Partial Exit 6356 (r22) high
Stops breakeven from entry @ 6348, next Exit 6366
Potential move down into 6295, will be a move back below 6339 today.
Posted by
Frank Dilernia