Apr 07 2008

Today’s Trading Look-Back - April 7, 2008

Published by John at 5:48 pm under Trading After-Action

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Today looked like it was going to be balanced around the 1385 level, which was both where it was trading in the pre-open time and a point of control from late in February. Above the market was 1392 where prices were rejected back in that same February time period. Below the market was Friday’s 1373 point of control.

S&P 500 Futures Price Distribution Chart - April 7, 2008

It ended up being a rather challenging day to trade. I would have bought 1374, but the market didn’t get there early enough in the day to make it worthwhile. I would have sold at 1390+, but the market never got there. So, I just sat back and watched - and fought with my computer.


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