Sunday, May 16, 2010

Gold & S&P

The next short term target for gold should be 1260. Then I will watch how the price action reacts in this area. I will wait for a breakout or a pullback for another entry point... I continue to wait patiently for a shorting opportunity on the S&P as I day trade my way up to the resisitance area (white lines on the chart). Hope it helps

For those who don't trade futures you can trade the spxu etf...

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