June E-mini SP:
Stock market looking weak here as we are coming off of 3 straight days of positive price action. Perhaps we are due for a bit of a reversal. This 2076.00 level was resistance last week as well. Crude Oil #s just took us from 2074.00 to 2078.00 and now we are trading a bit off the highs and I want to get involved.
SELLING at 2076.00 or better
This can be a day trade if you choose. I wont be holding it past Friday afternoon.
The risk would be just above the highs over 2080.00
OR you can purchase the weekly option that expires Friday on the close. The 2085.00 call option for 3.50 points or better. This would be your exit order if we are above this price on Friday’s close
Have a look:
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