Tuesday, May 5, 2009

About this uptrend

As I said previously, If the SP breaks 873 level, it will test next level at about 950. However, now the stress test is the key whether it can have a try on the 950 level.

It also depends on whether all the big banks have successfully issued more stocks or bonds, because surely most banks need more cash. Otherwise stress test will be released as soon as possible.

So be careful.

We are still holding short positions for the FoxSwing Trading System, now already 4 short ES, two @861.75 and two @892.25

1 comment:

  1. Thanks, Swinger to update your positions/trades from the FoxSwing Trading System!

    ReplyDelete