Crude oil seems intent on making this 1220 SPX area painful to scale. I've been watching and waiting for the next opportunity to put on a trade, long or short, for the day in the futures and have finally struck a short position on the SPX. Risk 1 1/2 points for a potential 4 point move down. Just too much resistance up here and now we are losing some breadth as well.
The Daily Dose of Trading Comments
Here you'll find short quips concerning the market mood and direction posted intra-day as the market dictates and time allows. You can find TATs strategy here. Comments here are from a trader who trades for a living.
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- When I look at these markets right now, the only t...
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