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STILL LONG - looking for 1092 first target


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#1 dTraderB

dTraderB

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Posted 01 September 2010 - 06:33 PM

Took some off the table - 1/2 HPQ & JPM; closed PCLN spreads (can't resist after a 15-point up day) I am looking for an initial target of SPX 1092, but 1085 can pose some difficulties so I will be watching market action closely if it gets there. SPX 4-hour system on a buy but DAILY long signal is still short but could go LONG on an UP day tomorrow. EUR/USD 4-hr went LONG with DAILY almost there. My FF -- SPX 1080/85 high tomorrow then ??? Friday is crucial - start of a rally or bear retakes control. I am not as yet convinced that this rally will break above SPX 1103. Friday is a big day with the AUGUST JOBS report.