Trading the Ultrashort SPX

Discussion in 'Trading' started by jreynolds212, Jan 5, 2008.

  1. The following chart is the most important chart for this market. Its the SDS or ultrashort SPY. You can see that price has been funneled into a triangle.

    I am guessing that we will get a nice bounce on Monday, but it will reach the bottom of the triangle.

    If and when the triangle breaks either up or down then you decide to go short or long....not until then because trading through a triangle is a biitttcchhhhh. However, trading after it breaks is stupendous. There is still plenty of $$$ after the break but not before.
  2. cccharrt
    • sds.jpg
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