Thursday, April 11, 2013

Over cooked everything

SPY opened and closed above its upper BB today, and RSI(14) on the daily. Note the previous instances when this happened. Lets see how this works out.

So at this point, good idea to look for ES shorts. Its held the 21 EMA all along the way, and only seems to be breaking it as I write this post at the moment. Lets see how that works out. Support levels below abound! 2 main levels are 1580, and below that is the breakout re-test level of 68.

ZB also has retested its NFP breakout, so would be good to look for longs here, but probably above 146 '12?

Anyway, not doing much at this point and trying to keep things simple. ES and TF day trades still working great, just need to manage risk. 

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