RSCexclusive
Long

The future of SPX500 - NFP day

FX:SPX500   S&P 500 Index
So in my humble opinion we have a clear head and shoulders pattern, along with Fib match up to coincide with the NFP report today.

Right now I am managing a good client out of an aweful hedge and so this is very crucial for me. The price simply must get up to the target sell level so that I can smash from the top and hit down to close out the bad side of the hedge.

My biggest wet dream right now would be to see the NFP pump the rate on SPX500             up to 2135. Truly though anything above 2119 will do me just fine.

My suggestion is to go LONG until 2130 - Then smash down with everything you have for the next month or so.
Come check me on twitter also if you rock that @rscexclusive
Great trade congrats
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Everything going as planned so far :) Making lovely profits for client funds under management :)
Bring on the waterfall!
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I run the spx monthly and look at the treands along with our extended flat top. We all know markets do not like flat tops. I am reminded that long positions are in greater jeopardy than most of us are accurstomed to. I am a natural bull, believing in capitalism the "American way", so this is an opinion rendered in discomfort and a bit of knowledge.
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