Thursday update 4/8/10 Strait up off support

Posted on 08. Apr, 2010 by Johnnyr in Daily Recap

Good afternoon.

Johnny here for a Boomerang update on late Thursday into the final hour.

The markets opened up the ranges some on Wednesday with a stronger pullback then we have been seeing. Today, however we had the support come in right on Mohan’s Market Force “Pit Bull” 1171.50 number exactly.

From there it was strait up with the tape turning bullish after being neutral/bearish earlier. The TRIN turned around first to Bullish and it has been strait up from there. Its really surreal and just not a normal market environment at all.

Here’s the chart of the session so far. You can see that there was only one authorized Boomerang trade and traders would have scalped out with either +3.00 gain or if you noticed the TRIN change and had the vision to hold long…then up to +6-8 points.

Share and Enjoy:

Tags: day trading, e-mini, emini, indicator, S&P 500, scalping

Comments are closed.

Disclaimer and Risk Disclosure

U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Boomerang Trader

Thursday update 4/8/10 Strait up off support

Recent Posts

Disclaimer and Risk Disclosure

Links and Resources