"The old ones say that we Spartans are descended from Hercules himself..." http://www.youtube.com/watch?v=2kuna7sC5ek&feature=related
FV 1179.79. SPX 1,176.69. Convergence happening. I have an offer at 1178.75 ES, which would lock in a loss of 5.25 on this trade.
FV 1178.25. SPX 1,177.96 Forced to exit on convergence. Out ES 1176, -8. Essentially even on the day. Unlucky.
FV 1179.32. SPX 1,179.33. Eerie when I see them that close. Too bad FV followed SPX down. I was hoping it would lead it.
Nitro: my models said a possible bounce in EUR/USD starting at 1.3460. So far it rose to 1.3480 (see shortie's thread). I think a bounce is around the corner. 117 in spy would be good to go long? I see the downside limited to around 117, less than 1% from where I last checked the market. What do you think?
Depends on your time frame, but there is no edge here. Unless something strange happens from here to close, the rest of the day is noise trading, imo. If you are asking for my instinct, I think the dollar strengthening is a short term phenomena. Euro probably retests high 1.30s in the next few weeks.