S&P 500 long entry @ 891.2

As per yesterday's post, we actioned a long position at 891.2 at a 0710 this morning. This was the point at which tested and rebounded off of the lower parameter of this enduring channel (see chart below). With regard to trade management, we've moved our stop loss to 891.2 - break even - with a view to hold for the interim period as a bounce up to the 920 area is not out of the question. It might prove wise in retrospect to take the pips on the table, however I'm still semi-smouldering at having liquidated our 955.4 short too early - see posts on the 11th and 12th June.

Happy Trading Traders!