ST set-up: Thursday morning

Im looking to buy any gap-down on Thurs morning in the SPX 1288-1295 range. My stop is SPX 1284. This is a S/T set-up and my 1-2 day target is 1320. This trade is based on the 30/60-min chart, which shows that the downsloping T/L was broken yesterday, and then price fell back within the T/L today. Whether or not price can break > 1320 will determine whether 1370 or 1270 comes next.

Edited by beta, 20 March 2008 - 01:38 AM.

Nicely done. Don't get thown off when we screw the Europeans at 10:45-11:00.

Im looking to buy any gap-down on Thurs morning in the SPX 1288-1295 range. My stop is SPX 1284.

This is a S/T set-up and my 1-2 day target is 1320.

This trade is based on the 30/60-min chart, which shows that the downsloping T/L was broken yesterday, and then price fell back within the T/L today. Whether or not price can break > 1320 will determine whether 1370 or 1270 comes next.

Out @ SPX 1310 for 15 pts.

Edited by beta, 20 March 2008 - 11:12 AM.