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Below the first update, you will see the original charts showing buy/sell zones
Published 6/8/16 – 9:02 am – Long Position Update
We were filled on our buy zone @ 2115.00 and have pushed through the 2118.50 level. We are pressed up on the highs here. I would be ready to start trailing some stops or look to take partial profits on this trade if we start grinding higher. The risk on this trade was quite small so be comfortable with taking a smaller profit on some of these. With smaller risk you can potentially have more contracts on that fit into your risk/reward $ amounts. I think the next psychological number will be 2020-2025.
The all time high on the S&P is 2134.00 on 5/19/15, so that target is definitely in play.
As a reminder we have been getting long since Friday 6/3/16, so some of those traders who original got long and are holding the longer term swing trades look to potentially start moving the stops or getting out as well.
Long @ 2115.00
Last @ 2118.50 +3.50 or $175 per contract before fees
Published 6/8/16 – 8:27 am – Chart of levels showing entry
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