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Published 4/11/16 11:07 am central – Email Highlighting “NEW” Sell zones after the Morning Update.
Here are the updated levels on the session.
Updated 30 Min SnapShot: click for larger image
Published 4/11/16 2:33 pm central – Email Notification of potential profit zones or partial exit.
For those who took the sell zone position on the updated levels I would suggest looking to take a partial profit or take off the position at these levels and see what tomorrow brings. The market is trading @ 2038.50 right now. So with a short of 2046.00 and getting out here you could look to lock in 7.50 pts or $375 per contract before fees.
I will send an updated chart of the position later this afternoon.
Published 4/11/16 3:18 pm central -Trade Recap showing Chart
We saw the selling momentum pick up after my last update to start looking to take off partial position or exit the short altogether. Regardless if you left some of the positions on the table, or were able to trail a stop down as we moved lower, I felt it was an important to cash in on the trade. We spent over 4 hours in this price zone and in my opinion we could as easily moved higher before the close as we did move lower. There were coiled up long and shorts in that zone that were going to get squeezed one way or the other. That is why I wanted to look to take risk off the table before the close. For those longer-term swing traders, the buy stop will still be near the 2055.25 level until we get updated levels. Tomorrow the bears will look to take out 2029.00 that is the 240 min bottom. We will see where we are tomorrow.
Trade Recap showing Entry and partial exit current market price heading into the close. (click for larger new image)
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