Monday, October 22, 2012

Monday evening

SPX Daily
I've got a friend in town and I'm not trading much. S&P futures have rallied back up to the 50day on SPX. If the selling is going to continue, it should start back up tonight / tomorrow. I just put on a swing short in S&P futures at 1432... stop is set a little above 1442ish. I'm looking for 1395-1405 as a target in the next few days. The 20day WMA on S&P futures is currently 1438ish.