Monday, September 19, 2011

Market Update

 DIA 1 min

 IWM 1 min

 QQQ 1 min

SPY 1 min

Well that seemed to work out well, you should have been able to sell a partial position of your shorts near the lows of the day and add them back near the highs. We have all of the averages creating intraday resistance so there's a good chance we see a head fake above the resistance level that has been created over the last , well never mind, it already did what I thought and broke higher. You'll want to consider adding in here as a head fake is often the last thing we see before a downside reversal.

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