Afternoon all
Well once again the astrology has got it right which is great .
These are trading markets so when you hit your profit targets close out and wait.
These markets are not markets to buy/sell and hold positions.
Today was the reason we insisted you close out long oil yesterday..Down 2%
market went down as expected but as I said yesterday personal interest are at the forefront for another 26 hours.
Forward looking
Tomorrow is the last day of the financial year.
sugar coating should be heavy, there is now no way this market will rally with the astrology tomorrow.
Sure the Sun Pluto affect will be negative but wont really get going until after 11am tomorrow.
So the likely hood is that the market might rise in the morning then drop a little during the coarse of the day .
I see a serious arb going on tomorrow .
Buying the S&P stocks and selling the futures..
The thing is that the floor will know this and will be active sellers all day and will cover near the close when the arbs set up for the move 3 minutes to and 3 minutes after 4pm..
It would be so much easier if it wasnt end of the financial year tomorrow.
Anyway you will need to be sharp tomorrow, and if your not please dont trade, as you could get whipped.
Cheers
As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.
Well once again the astrology has got it right which is great .
These are trading markets so when you hit your profit targets close out and wait.
These markets are not markets to buy/sell and hold positions.
Today was the reason we insisted you close out long oil yesterday..Down 2%
market went down as expected but as I said yesterday personal interest are at the forefront for another 26 hours.
Forward looking
Tomorrow is the last day of the financial year.
sugar coating should be heavy, there is now no way this market will rally with the astrology tomorrow.
Sure the Sun Pluto affect will be negative but wont really get going until after 11am tomorrow.
So the likely hood is that the market might rise in the morning then drop a little during the coarse of the day .
I see a serious arb going on tomorrow .
Buying the S&P stocks and selling the futures..
The thing is that the floor will know this and will be active sellers all day and will cover near the close when the arbs set up for the move 3 minutes to and 3 minutes after 4pm..
It would be so much easier if it wasnt end of the financial year tomorrow.
Anyway you will need to be sharp tomorrow, and if your not please dont trade, as you could get whipped.
Cheers
As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.