Wednesday, October 2, 2013

Mini-Russell Day trading strategy;

Mini-Russell Anchor Chart
The Mini-Russell is trading sideways this morning after coming off the highs at 1086.6 on Tuesday afternoon.  We can see resistance zones above us at 1080.6 and 1084.1 along with the major swing-high resistance at 1086.8.  We see support zones below us at 1072.2 and 1063.3 along with the trend-line support just above the 1060.8.

Our day trading plan for the Mini-Russell is to wait patiently to buy-the-lows at support and sell-the-high at resistance of this current sideways-trading-range.

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