S&P 500 - June 2, 2010 - Intraday - 4

Trading does not have to be hard. It really does not have to be fancy either. A couple of price charts and a bunch of MAs is sometimes all one needs.

This is 5-min chart of SSO



I have marked the breakout point a few minutes after I posted and said that the long side of the tape was being hit.

Of course, I had an idea where the daily and 60-min charts were, I had my stop, I had already taken some profit, and I knew where my and S/R was as per previous posts during the day.

1090 is still the level for the bulls to hold.

Have a Nice day!