Well, that's what levels are for. They either stop you out where you want or keep you in the game. No guesswork.
The problem with stocks, ETFs and options is that if market masters start a move in the cuckoo hours of the night, then your levels can be leaped over.
The problem with futures is that, in the cuckoo hours, volume can be poor. That may allow them to be run over.
Still, I think it's better to have them.
Anyhow, I am going to raise what I had for 1100 to 1105. Other levels remain the same.
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago