Midas-daily profit SPX

16 Tem 2013

Bullish steam is disappearing today, trend line has been broken and bearish engulfing is about to formed---time to show flexibility in trading. Whenever current price is falling down below opening price, and net price, time to short at the peak of 5 min chart. However, overall trend is still bullish (above 8 MA, 50, 100, 200 MA), extra caution has to be applied, using tight stop.