Today is Tuesday and we saw good movement in the S&P Emini today, closing only slightly higher.
Index’s across the board up slightly as the market is trying to gain its footing. We are getting squeezed in this sell-off. I see higher prices for at least the short term if we get over 1030 on the S&P futures. I also see lower prices if we break below 1013. Either way, it is going to move off of those levels. I see a lot of things that say we make a stand here, but there are things brewing that show more downside. I would have to say I am neutral until one of the levels just mentioned are broken.
Today’s trading went well. I scalp traded my way towards my daily goal nicely in both directions. I took very little heat on my trades and that is the way I like it. All gains, to the plus side. My timing was good and played it safe for the most part. Scalp trading is not impossible as many in the trading world say. They only say that because they could not do it, so now it is bad and impossible for everyone. “I don’t think so”.
Trading is simple, but its never easy as I had a few two point trades and several 1 and 1.50 point trades. I did take one more trade after the posted trades below for just one point. One hour of trading as I have a screen shot of my trades below. I will pick it up tomorrow and post early if the sentiment numbers come with any surprises. Until then, Good Trading.


