Futures/Index/Ichimoku: S&P Mini-Futures/SPX: 7-18-07: Trade Update

  • Home
  • /
  • Blog
  • /
  • Futures/Index/Ichimoku: S&P Mini-Futures/SPX: 7-18-07: Trade Update

Patience looks like it is about to pay off. The futures went down drastically last night. We had gone bearish at around 1552.00. Yesterday, the market closed 1549.37. With the S&P futures down drastically, the SPX and all derivative products should move down.
We are looking for a price target of 1525-1535. A tight stop loss will be maintained due the bullish nature of the market.
For EDUCATIONAL USE.    Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose .