Thursday, October 24, 2013

ES moved above its Primary Pivot overnight.  Going to take a long in the SPY on the bounce between 174.75 and 174.56. Wait for confirmation with your indicators.  If you get in put your stop at 173.87.  Do not add to your options.  Not enough room to move before we hit target.  Trade half size to the new high. Or sit on the side until a larger pull back.  Yellow light today.  Careful for the day.



Target is 177.82


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