One trader's personal insights and thoughts about trading the markets through market structure, logic and intuition.
Thursday, June 23, 2011
Holding the daily trendline support on the ES @ 1260
Big fight going on at this area. SPY volume is running extremely high (80% above 30 day median) whilst cumulative ticks have been oscillating up and down. Whatever the next move is, it will be either a very sharp move up or down. I've decided to take a dip to the long side by establishing some longer term positions using BWBs on the OEX, OIH and RUT. Stay tuned.....
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