Wednesday, March 10, 2010
Today's Trade Minimize
Feb 17

Written by: Trader
2/17/2009 5:49 PM 

Ok, so once again, we have what looks like a breakout from a coil.  Therefore, we have to go with the flow and short any bounce.  Stops should be at Tuesday's high.  The chart below shows the S&P cash market with the converging trendlines and the breakdown bar.  The second chart shows the same picture for the March S&P e-mini contract.

image

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