Another chance to re-sell Dow Futures Intra-day
Updated
The market has bounced circa 300 points from the main session lows. This represents another opportunity to establish short positions.
With the end of a torrid week in sight, I would expect to see long liquidation into todays close. The threat of a continuation of Covid-19 re-mergance as we have seen in Florida should be enough to make longs cash out ahead of the 2 day break.
I feel that the market has a great chance of closing negative today, That could mean a break of the 100 day Moving average which proved good support on last nights close. A failure to hold that level could see the market move materially lower. would run a a stop through 25650 with a view to exiting position on market close this evening.
Happy hunting
With the end of a torrid week in sight, I would expect to see long liquidation into todays close. The threat of a continuation of Covid-19 re-mergance as we have seen in Florida should be enough to make longs cash out ahead of the 2 day break.
I feel that the market has a great chance of closing negative today, That could mean a break of the 100 day Moving average which proved good support on last nights close. A failure to hold that level could see the market move materially lower. would run a a stop through 25650 with a view to exiting position on market close this evening.
Happy hunting
Trade closed manually
Position closed ant 25021.310 point profit.
Looking for a chance to trade into the last hour of play
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