Thursday, March 12, 2009

ES trade confirms and up we go!

As suggested on Members only site, I was looking for a dip to get long this market for a continuation higher. The first support I highlighted was the 714 area and the was bang on as we then sky rocketed to the 725 pivot. I also suggested if we close and hold above 725 then its aggressive on the buy side. Wow!... is all I can say as we pushed higher all day closing over 750.
We have moved now over to the June contract from the March expiry , so I went flat totally at the highs today. Great trade as the swing was originally from 673-750 area, for a 77 point total gain on March ES09 contract.

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