06 May, Daily Pre-Market Report
Our short S&P Futures (ES) position is working out nicely. I review the classic topping pattern that gave us a heads up that the S&P’s could roll over. A head and shoulders formation and a 8 and 21 ema cross over. However if we had waited for all the signals to trigger we would have missed a large chunk of the move down. I also review key support and resistance levels for S&P Futures.
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