As I mentioned, I am watching price action on the S&P and I missed a great trade. If you look at the black upwards trendline I have drawn on the chart, you will see that the market used this as support as it made it’s way up a few times. It then broke this support line and chopped for a bit even bouncing off this as overhead resistance… this would have been a good short or, to await for confirmation, a break below 1362. The market then just fell and there would have been some great profits for the bagging!

Unfortunately, I missed this completely and had to sit and watch…

Tags: day trade, daytrading, emini, es, makemesomemoney, position trading, price action, s&p, Spreadbetting, standard and poor, stochastics, technical analysis, Trading, trading system