So far no new high on SP500 Futures and it looks this impulsive wave (a) has topped and now market might be forming a flat correction wave (b). If it is, the price should turn down to previous wave a area.
Entry:
Sell limit @ 1405
SL: 1407.50(or any new high)
TP: min.1395
R/R: 5:1
Take care,
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/s-futures-h4-trading-plan-idea.html
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
ReplyDeleteSP500 Futures