Looking forward how the S&P will trade in october its quite obvious that october being a bearish month we could see more falling prices. Being already short from the 1055 level I am looking forward for adding another postions in the 1025 area, that we could get next monday or tuesday if the symetrical trading action continues.
Plan for the week 5-9th october 2009:
- Looking for emerging patterns on 60 min and 30 min charts especially on crude oil and natural gas.
- E-Mini S&P short adding another short postions in the 1025 area with target 1000, or if bull come in trading long setups on E-Mini Nasdaq.
- Wheat short looking to exit in the 433 area or if we get followthrough in the 420 area. Or of course if the dollar is weakening again looking for longs on corn.
- See if gold, silver and bonds can start a new uptrend.
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