S&P 500 - August 17, 2010 - Intraday - 2

S&P met resistance around it 55 EMA (1100ish).

I thought that was a decent spot to let some profit roll in.


This looks like a good rally, it's clean, but it can be a clean ABC.

This is an OpEx week. So, I do what I think is prudent for me to guarantee some coinage.

If bulls are in this game, 1090 should hold, or, if lost, it should be recovered fast.


I doubt it if market has squeezed all the shorts and Hindenburg players, but who knows?


There is a Greek Festival in our town with good food and decent entertainment. We will enjoy that this evening. Depending on my degree of sobriety later this evening, I may make a more detailed post

Trade Safely!