funbet, i'm trading the swings at the moment. the low was a good hit. i have a high for this session hitting at about 12pm new york time.
if i'm reading my system correctly, the spx may finish this session slightly in the green. if so, 1385 was a good trade anyways.
i have another low hitting tuesday before the u.s. market opens - it could be significant, but i think tonight's low of 1385 should hold.
however, bare in mind, my system doesn't give me price targets. it is purely a time based system that provides an indication of when to anticipate a change in trend....so my price targets are my uneducated guesses (lol).
i'm planning to take most profit off-the-table tonight and then reenter on tuesday....thu, will leave a core long position in play til the end of next week.
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