coachmike

Think Inside the "Box"

SP:SPX   The S&P 500 Index
60 0 1
The $SPX             is trading currently in a very definitive pattern that has been very easy to predict and follow. Need to not look beyond the obvious. Long trades should be entered between the values of 1860-1880 only and though you get firm intraday movement you must be willing to hold those short term longs only for either support level failure or up in to the high end between 1980 and 1995. At the top end of this consolidation range I would recommend roll overs on close to expiration options to where you still are taking money off the table and cashing in some profits. Same goes for long trades on common shares. There is no damage to individual investors to begin taking profits at times when the charts raise questions. Your short trades you MUST be patient for but equally resilient in holding. Stops will be at $SPX             value greater than 2000 and you will begin seeking your exits south of the 1890 price point. Good luck and God Bless. Check out http://www.winningstockcoach.com for more details and step by step live trading guidance!
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