Wednesday, 19 August 2009

Trade Update: Long spx @ 880

On the news front today, we have only the MPC minutes to contend with/profit from.
Technically, however, we see 880 as a level of some support. Couple this with the enduring trend to the upside and we have the fundaments of what could be a profitable trade (order filled as I type this).

On a sidenote guys, please beware of the fact that we are in the midst of August, and so substantial moves may take longer than usual to develop: this is holiday season afterall.

Nothing more to report for now.

Happy trading all!

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