S&P day trade today

I’ve not traded the S&P for ages now… however, I thought I would have a look and I got my entry…

In the past, I would have been tempted to short as the market was looking to top.. however, the trend is your trend as the old trading adage goes and the market was merely consolidating.

I entered near the top of the previous move upwards (not a particularly good entry) at 843 and I had my stop at 839. The price action came incredibly close to my stop (within 1 point) before it headed upwards.

I had initally earmarked a stop at 854 but the upwards momentum didn’t seem strong as it made new highs. I promptly closed out at 848 for a 5 point profit.. not bad going! :)


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Category: Emini futures, Spreadbetting, Trading