Lets see how is the support at 1220 level where you bigger moving average is at. It bounce when it reaches there the last time. If it falls through this time, you scarry divergence will happen.

Attempting to see your recent chart as a weekly chart, I can see a H&S. What I cant see is, "is the neckline broken?"

That being the case, it can go either way. Yeah 20 point against you may squeeze you out.

yhzell,

Did you know it is easy to tell the traders and the theorists. I had meet many good fund managers in the equity markets. They think they can go into index futures as they is no conflict of interest with equity. Many of them are a nervous werck and failed when they traded on their own money. When they call the shots base on guidelines set by their companies, they seem to have a nerve of steel.

A losing position is a losing position. With a huge margin to back it up, you may sleep peacefully but not me.

Tactic and formula there are plenty but in the long run none of them works.

I think there is an age requirement.