Wednesday, April 08, 2009

SPY /ES game plan

[Posted on Contributors Site Tuesday 4/07/2009 10:38:00 PM

Here is how to contribute –you get priority updates on Contributors Site and separate Contributors’ only Mailing list , access to Day Trading Chat when introductory period is over, access to the indicators library for TOS I have collected over the time]

As I type this /ES is below 810 which was most likely down target set in prior as of Sunday March 5th post here on Contributors Site and reposted later on Public Site , it will most likely retest 800 area in overnight session and then resume upward move – too good of a risk/reward trade to miss.

I am setting up a “buy ladder” for /es  2x 805, 1x 803, 1x 801, 1x 799, 2x 797


day buy order for SPY May79calls @4.50

Decision based on lower side of ascending hourly channel and my buddy demark indeed…