Trading the S&P emini – I was correct about the move down
Hi All,
As per my previous post, I was correct about the market moving downwards to Thursdays low.. in fact, it got beyond this low.. the markets aren’t looking so good!
Anyway, I stopped trading at about 7pm GMT time and then missed the huge move down. As you can see from the chart, 143200 was a base which I used and it bounced off this to hit the 50% Fibonacci level and then prompted to fall from here. It was a pretty smooth ride down using the 5 day EMA to gauge it.
I made a series of trades but as I retired early for the day, I ended up with a measly +8 prices. Darn, it’s frustrating when you miss these huge moves but a profit is a profit!
