S&P  500 Futures Trading Blog

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Get Double The Trades On The S&P 500 Futures Market

Friday, 06. January 2006
This chart shows an upward rising channel that we need to find support to complete a long setup

There are times when it seems like there isn't very many trades to take. This can be remedied by trading without a setup or against the flow of the market. The only draw back is you will likely lose large amounts of money and will be pyschologically unavialable or under capitalized to trade when the opportunity is right. While the S&P 500 futures market has a bullish bias, it hasn't been easy. Markets rarely go straight up and this one is no different. Most long positions would have been stopped out for a loss because previous support does not hold. Shorts won't work either in this environment for the same reason. The 1285 price level is still resistance which will need to be taken out before we get a meaningful run. Our job is to be available at such time as resistance is broken and get long or resistance is rejected and we go short.

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