breck123 - the answer depends

    SPX 60 Minute with BB

    Posted by steve on 11th of Aug 2011 at 02:01 pm

    breck123 - the answer depends upon you objectives and risk tolerance. Personally, I have been taking profits fairly quickly on my trades (especially counter trend) and re-entering upon pullbacks/consolidtion. In any event, you should be raising your stop upward in accordance with you trading plan. The action off the 1166.92 remains choppy and could lead to another probe higher. 

     

    There it is new highs

    Posted by steve on 11th of Aug 2011 at 02:14 pm

    There it is new highs as one would expect after the choppy pullback...bullish Mat Hold pattern on 15 minute SPX playing out

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