Monday, June 2, 2008

First Day of June Trading - 06/02/08




Following a test of a 50% correction on the S&P500 Index 60 Minute Chart and a NR7 inside day on Friday, we simply have an expanded range day to the downside. All indicators pointed in the short direction, and any corrections to the 38 period EMA on the 380 tick chart of the ES Futures was a shorting opportunity.

Charles

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