Friday, February 5, 2016
Traders Note: A Close Below 1880?
If it looks like there will be a close below 1880 on the S&P 500, I will probably trade long. Alternatively, if the market tests the 1880 level again today in the afternoon, I may go long with tight stops. This could be a very short trade, 1-2 days. I suspect the Index will make another attempt to get above 1920. My trading portfolio is less than 10% of the total portfolio - I don't risk the farm trading.