15/03/10



Opened 406th & 407th trades because: 1) $add line unlike ES w/ $spx did post higher high, plus 2) XLF (most volatile during the session) and XLE (the weakest sector) managed to make higher high. Fixed, on supposition of high pullback probability cause: 1) $tick didn't confirmed fresh ES w/ $spx highs and 2) bearish divergence on ER & NQ minute charts was still at a place.

After couple of minutes it seemed, according to volume data, that upside move would continue, no matter $tick non confirmations. So I have reentered long position. Closed trade by take profit order placed one tick below 1146.00pts (of ES june 10' expiration contract) - corresponds to be overnight trading high - potentially strong resistance level.

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ES (S&P 500 E-mini futures) trading
by Meques Moscow Finacial