Friday, September 3, 2010

We're in the range

Below is the SPY on a 144 minute interval including pre/post market, and as you can see, the better than expected unemployment numbers have pushed us up into the trend line and target zone I mentioned in my previous post below.  I'll be looking to see what sort of follow-through we get after the market opens, then picking a spot for a small short entry. 

-click to enlarge-

Good luck trading.

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