Montreal Day trading S&P500 / ES Futures-Contract Update for my Short Tragets

Hi, on my last post I said I was waiting for Short Signal…and it will take 1-2 day…so there we are….

The 3 reasons why I Short this:

1st: We never closed above 1432.00 ,The price was not supported one more time.

2nd: we touch my “Blue” Trend line

3rd: 90% of others index are going for a short signal also.

Targets: After this strong Swing, I have to re-check for my targets.

1st Target:1422: once I get my first target, I will check how market will react on my “green” trend line and then look to get out, or stay for 2nd target. 3rd target: Same as 1st one, check for next “green” trend line. Have a Great day Guys Next Update on week-end

Montreal Day Trading course we are taught to manage our risk first.  Trading futures is high risk.  If you don’t know how to manage your risk, don’t trade.