Thursday, May 15, 2014

E-Mini Russell Futures Day Trading Strategy; Selling with the continued selling pressure

Russell 6JJ Bar
I am watching the russell sink lower after a bit of consolidation on the HUGE run lower.

I am waiting for price to get to 1082.3 and 1083.0 to sell it back down with a big emphasis on the 1083 level.

If it continues above that, I will be looking to sell a double top pattern back lower again.

The targets on the downside are the initial lows first at 1079.4 and the subsequent lows under that at 1079.1 and 1078.7.

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