sumastardon
Long

S and P back in basement buy zone with a tight stop

FX:SPX500   S&P 500 Index
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8
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Further to update on Nasdaq, the S and P is back in the buy zone for a low risk trade with a tight stop under the low of the day, see comment
LOL great reply! Thanks
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First, thanks for your insight and work that went into creating this chart. Question...don't you see this dipping down during the US after hours?
Thanks!
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@Snerka, Hi there. just seen your question...yes it damn well could drift as it usually does...either drop the stop below 2344 or hold back until tomorrow when the coast will be clearer. Couldn't resist buying though when the stop is so close. At least that way, even if you're only right half the time you only make small losses and usually much bigger wins on the other 50%! But you are basically right. Tokyo will wimp out as usual and offer no defence. So better to wait...
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