Stay Short The S&P 500

13 May in Blog, dow jones futures, Michael Seery, nasdaq futures, S&P 500, Seery

S&P 500 Futures--- The S&P 500 in the June contract are trading below its 20 day but still above its 100 day moving average telling you that the short-term trend is mixed, however I have been recommending a short position from around the 2063 level and if you took that trade place your stop loss above the 10 day high which stands at 2080 as the original risk was around $1,000 per mini contract plus slippage and commission.

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