Monday, February 28, 2011

Trade Guideline for Tuesday

I will use 2350 as my Line-in-the-sand for Tuesday.

  • With opening price action above 2350, I will be looking for price to rally in the morning to test Monday high (lower-high or Higher-high) before reversing back down.
  • With opening price action below 2350, I will look for the market to trend down.