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E-mini Executors: Waiting

Tuesday, July 7, 2009

Waiting


I hate to get bearish before they take out the 200 day on the cash, but all that I have seen is selling. I believe that they take out 885.07 in the cash by the end of the day. I will be sitting on my hands until they do(if they do). My next support is 876.25 in the futures. I will not be establishing a big long position there. Just scalping off that area. Violation of that area look for the market to start selling off pretty hard down to at least 841.00 over the next day or so.

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