RE: SIMSCI 12-JUL-2006: No trade
July 12, 2006 – 5:48 pm
The result of guarding the quality of my trading, no trade was made today. It was a choppy day with low volume, I would say. Day volume is just more than 3000 contracts. There were selling at the end of morning session , however, sellers strength were weak. In the afternoon session, though SIMSCI futures started rebounding, a possible entry was at 289.1.
I saw few levels of resistance. None of my setup was completed. No trade was done.
From the desk of Tradergav.com
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Tags: SIMSCI
Nice double bottom breakout is a good entry point, but too late for day trading.