tirsdag 26. juli 2011

Trading recap Monday 25th of July

See the full trading log here

Lower open in the S&P500 futures following the inability to reach an agreement on US deficit plan, but recovered a bit during the session to close at 1333, 7.5 points lower than Friday's close. We did however hold the key support at 1325, which is key support for now. Closing below 1335 is bearish in my opinion and I see risk for a move back down to 1317 support this week.

Made only one trade, sold 2x1335 29 Jul calls in the S&P500 futures.
My feeling is that we will go lower in the S&P500 until any agreement on the US deficit is reached.

Good luck

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