Cire Key pivot play (stock index)
Posted by Cire2222 on Jun 9, 2008
Okay, today’s action set up a key pivot play in the S&P futures. The trigger for the entry will be to get long on a move to 1373.50 in the S&P mini SEPTEMBER contract. make sure to note this is the september contract not the june. The reason we want the september contract is because the index futures will rollover on the 12th. So we must hit 1373.50 tomorrow, if it’s not hit tomorrow then the trade is off. So the set up looks like this:
/ESU8
Entry trigger Long - 1373.50 (must happen on 6/10/08)
Target 1 - 1384.00
Target 2 - open
Stop Loss - 1352.25
