S&P  500 Futures Trading Blog

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You Bet There's Still Plenty of Bears In The Woods

Tuesday, 25. July 2006
20+ point day in S&P 500 futures is impressive but consider, this was done with less than convincing volume. Additionally there is some real resistance at the 1272 level that needs to be broken and become support to materially change things. I was looking to short 1243.75 yesterday but the S&P 500 futures never traded that area and just was a roaring bull all session. With volatility being so high, its impossible to put on trades and go to work. If you trade this market, you must be available to watch your trade progress like never before. It is concievable that you can put a trade on that makes one or more profit objectives before reversing and handing you a lost greater than your profits if you didn't exit at the right time. We're recommending staying in cash and waiting for an opportunity to present itself. Patience is really under rated in this biz.

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