SPY struggles
27 October 2008
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This is going to be brief, folks. A safe sell level over the next two trading sessions will be at 95.55 with a stop at 96.85. Further out there is some more resistance at 97.11, but at present even a move to 96.55 looks remote. Be patient. Remember we only want low-risk trades. If the move doesn’t come within our time frame, we simply forget the idea and look elsewhere. | |
P.S. My web-host reported that the server where this Blog is stored had come under some virus attack. Some of you might have experienced error messages , and now you know the reason. | |
I teach exactly this kind of US stocks setup, step by step, in Module 6, Module 11, and several other modules of my course built around real US stock case studies.
