After the bounce around on last weeks FOMC. I got in on the long side of the S&P looking for a decent swing. I entered at the 1951 area first, with another entry a day later at 1956.25.
Day Trading the S&P500
Both positions are now sitting in a Preventative state. Targets are in at 1970-75, and then at 2000 if the S&P chooses to go into more new highs again.
I will see what this week will bring. I am long on silver from last week, however I am watching it closely as it and gold could be setting up for a test back down. We are watching, Gold / Silver, Eur/Jpy, Usd/Jpy, and Eur/Usd. We were missed on our long entry for the Usd/Cad last week, so also watching that pair for confirmation of direction.
Join us in Calgary this September.
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