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E-mini Executors: June 2010

Tuesday, June 1, 2010

Bearish

The market basically has a double bottom for the year. I don't believe it. This market is just begging for longs to get in. I am bearish because at the end of everyday we sell off. That is the sign of a bear market. Not to mention there is no volume on any of these rallies. I am staying bearish as long as we stay below the 50 day m.a. on the S&P(115710). Today I have 107800 as my pivot. Above that is 109700 and below that is 105950. Selling rallies.