Here is the position update that went out to the subscribers of the Market Dimensions Advisory. This update highlights the short entry position we were filled on with an update to the risk on the trade as well as a potential profit target to consider on the day trade.
Our long entry was never triggered and we trended lower and got short on the original Sell Zone order from this morning’s SnapShot. For those premier clients that spoke with me earlier today we did have an updated Sell Zone shortly after my update that we were able to take advantage of. It fell in line with my call of the market breaking 2017.00 and we would get the momentum to fill this Sell Zone order.
Here is an update MDA SnapShot 30 Min chart showing the move.
Sold 1 ES @ 1903.00
+7.00 or $350 before fees.
For those looking to day trade only, I would adjust risk to break even and look to exit this trade near these levels or if we make new lows.
MDA SnapShot 30 Min Chart:
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