Thursday, June 5, 2014

E-Mini Russell Futures Day Trading Strategy; Selling the WAVE to new lows

Russell 8JJBar
I am watching the Russell continue to push lower moving into a 789 Wave lower and we continue to stay under the cloud and BMT's.

I am waiting for price to get back to 1132.6 up to 1134.4 to sell it right back down to the lows. We are currently in the first sell zone as well from 1130.2-1131.2 just as a note.

I will be targeting the initiating swing first at 1126.0 for the first target with the runner target at the projection lows of 1120.8.

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