Wednesday, June 2, 2010

SP500 still setup for a short

The S&P500 trading systems are currently looking short. If we get to levels much above here the systems will likely trigger short. I will make sure to post if any of the major index systems do setup and trigger. How it looks to me is that the jobs number on Friday will be a high probability for a short entry. Sell when people are happy and promoting trumped up numbers sounds like a reasonable trade to me.

Below is the chart that I posted last week for easy reference.

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