Apr 04 2008

Today’s Trading Look-Back – April 4, 2008

Published by at 5:36 pm under Trading After-Action

 Today didn’t end up providing any really great trade set-ups. The main reference points going in were the 1379/80 area and the 1360 level. The former was the topping out area from Wednesday and Thursday. The latter was Tuesday’s point of control from which prices bounced a couple of times Thursday.

S&P 500 Futures Price Distribution Chart for April 2, 2008

The only really worth while play that developed today was one based on the intraday action. When the market broke through to a new high in D period there was a brief opportunity to make a long play, but you would have had to have been very nimble to get in and our for single digit profits. All in all, it was a disappointing day.

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