Strategy For a Downside Move in the S&P 500: The Empire Strikes Back

By Trader Mark
19 March 2010 @ 10:25 am EDT

I am going to employ a sequel to my strategy outlined Monday [Mar 15, 2010: Strategy For a Downside Move] except instead of striking when/if the S&P 500 breaks below 1140 (which it failed to do), move that figure up to 1160.  Indeed it's an identical set up... on Monday the market had bounced off 1140-ish intraday the previous few sessions, and now it's 1160ish.

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