Positions…Pattern Alert SPU

You should now have enough Long SDS to totally cover any long exposure.

The stop in the S&P 500 Futures is a new high.

All other instruments ….stops should be raised…

MOO…50.90

XLE… 71.30

X …27.90

Note the above stops are money stops…we have raised them significantly. Why? We trade to make money! And I see no reason to give back a lot of money.

SPU’s …a close today under 1304.70 Pit Session is needed for a Daily “ORL” Outside reversal lower, which is generally a price negative pattern…

SPU/Bonds Pre London Close level is an area that a good move can develop from. Only time will tell.

 

 

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