Futures/Index/Ichimoku: S&P Mini-Futures/SPY: 6-8-07: Trade Exit

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  • Futures/Index/Ichimoku: S&P Mini-Futures/SPY: 6-8-07: Trade Exit

If you went short based on the earlier blog entry for the S&P, you should probably exit out of the short this morning. S&P is very close to the 50 day moving average. A lot of institutions buy at this value. Also, we have collected a lot and it is time to take our profits “off the table” before the market takes it away.
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