As I have posted before, SPX was forming a nice buying pattern, so I decided to grab some contracts at 1142. Was stupid enough to hold it for too long, so exited finally at a loss 1138.
After witnessing a downfall in stocks, with all support levels being broken, I turned my attention to currencies. Here is a nice long opportunity in USD/JPY.
Bought some at 91.20, have a very tight stop here at 91.10, so it either works out right away or it doesn’t. My first target is at 92.00, 96-97 longer term.
If I stopped out, will look to get back into position.
