Tuesday, June 29, 2010

Long ES @ 1041

Tight stop on this one. Could be a nice 8 pt bounce developing here.

12:05PM: we did get our 8 pt bounce but are now back to the lows, not sure to be honest what will happen the remainder of the day, IF we are to make a new low it should be marginal and we should not exceed 1035SPX today. After everything has calmed down a bit more we should see a relief by thursday and if we are lucky maybe even get back to 1065-1075 but that depends on the close today.

Have to leave now so will not be able to post more updates until late afternoon. Good luck all and be careful.

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