As per previous post, our SPX long order at 897.1 was actioned. I anticpated an increase in volatility ahead of Ben Bernanke's testimony, and so I closed for 80bps at around 805. Unfortunately I misread the subject matter of the testimony; it was very retrospective in tone and the net effect on price movement was negligeable.
We are currently casting our analytical eye over a potential GBP/USD setup. We may look to go long at 1.6276 based predominatly upon adherence to ascending support...... chart to follow........
Safe trading meantime!
Friday 26 June 2009
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