MPOV
Channel: Violet
Supports: 4060/ 3980
Channel: Violet
Supports: 4060/ 3980
Comment:
I re-entered my short position. But SPX has room to move for another leg up towards 4190/4200. Since Friday is close and we might see the typical Friday evening push, it is likely that we move first to 4190/4200 before we see some selling. In this case I would open a second position. I don't expect a crash, I just expect some selling.
Trade closed manually:
The trade was closed manually when we failed to move below the 4,120. Hence small profit of 55 points on the first trade and BE for the second trade.