Trade Update Sep 12, 2015: This was a successful trade. The index moved up by 60 points. S&P500 hit a high of 1988 on Sep 9, 2015 while our target was 1981. The gap up on Sep 8 was a clear indication of upmove. Traders could capture this upmove in parts, which is the best we can do on in such rapid moves. And it was good decision to regularly book profits because the index fell back to 1940 in the following 2 days, giving opportunity to buy again.
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S&P500 index Last week closing (Sep 04, 2015): 1921
Potential upside target this week (Sep 11, 2015): 1981
Stop Loss on this long trade: 1911
S&P500 Emini Futures Trading Strategy is to buy on dips
and book profit at every 10-20 points gain.
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