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S&P 500 Futures Over-Bought Go Short 1317-1320 Now!

Wednesday, 19. April 2006
2/23/06 $25,000 - Current $27,162

S&P 500 futures exploded to the upside with the broad market. It really doesn't matter why because that can be argued many different ways and we can leave that to CNBC and others. Technically which is the basis for our method offers no long setup in which to enter as there is really no support anyplace. Much structure must be added to the right side of this chart for for technical elements to appear. The trade opportunity available at the moment is a counter-trend trade. In this trade, psychology is the basis coupled with technicals in that  no support present and market over-bought. Short will be entered between 1320 and 1317 ESM06 with 3 futures contracts 


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