Clicky

E-mini Executors: Bearish

Tuesday, May 11, 2010

Bearish

I am Bearish until this market makes a new high for the year. I believe that we have seen the top for the year and will be in trading range from here on out. There is so much intervention with every issue in the world. They just fix debt issues with more debt..... Debt on top of Debt. If another problem occurs what do they do then? They cannot spend anymore money because there is none. The futures are all over the place. Which tells me that the bears are back and they are taking control. When the VIX has moves like we have seen this week, that means everyone is scared and looking for protection. I am trading small taking advantage of volatility. Resistance is 117370 and support is 111200. My pivot to the upside is 114100. If we stay below that we should trade 111200.

No comments:

Post a Comment