Friday, July 16, 2010

Trade 349: short asx200


5 asx200 short @ 4444.5

Macro:
- Still bearish, all intermarket themes are at resistence/stalling.

- candle formation on 15 min
- tick turning negative, very fast
- MACD is turning down.

This is a v. high probability trade.


Stops - 4455.

Target 4410.