Wednesday, December 5, 2012

mini Dow (update)

I decided to exit another contract @ 13015 near the close today.  I've moved my stop on my remaining one lot to 12739 with my target exit @ 13288.  There's alot on tap for tomorrow and Friday (ECB, BOE meetings, unemployment data) so I figured I'd lighten up.  But as far a price action goes we are now above the 10, 20, 50, and 100 DMA and are coming out of that bullish ABCD pattern.  I like prices to test the 78.60 retracement zone up @ 13350, which coincides with monthly R1 resistance.

No comments:

Post a Comment