Wednesday, June 26, 2013

T.J. 6-26-13 Reversal Day 2

It seems a new pattern of daily: Over night test low, open higher and closer to the middle. Bulls are not confident to keep the market at high point. Today is the day two of reversal. ES challenged 1600, Fib 50 and failed to close above it. It may test 1612, Fib 62% level and 50 SMA. A daily trend line is at 1618ish.

I was able to exit couple near by positions with small profit. Lessons learned to wait for my levels for entry.
I entered a gold options influenced by opinion and a rough third wave. There was no clear set up. I will set a target and stop to play alone.

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