The S&P EOD system is printing a sell to a limit of 1546.9 which is quite far away from it’s current level of 1564.

The market has been rather strong and I don’t feel quite comfortable taking this trade so I’ll sit on the sidelines and see what happens. I’ll be gutted if it does make it but it’s about Risk/Reward.

For those interested, sell at around 1564 with a limit of 1546.9 and a stop loss of 1601.

Sorry about the late one on this..

 Here’s Friday’s chart

Nothing happened except that the market ranged between 156750 and 157250.

Muggins here expected some movement so I bought hoping to see a break above the range to find it failed. Then I sold hoping it would fall to 156500.