Afternoon,

The market was basically at a stand still for most of the day as market participants awaited news from Congress regarding the US Financial Market Bail Out. The first trade was a trader’s trick set-up after a trend line break below the 56 EMA. The time was 9:24 am CST with a short entry of 692.10. The trade was stopped out for a 2 point loss. The next trade was another trader’s trick set-up after a trend line break to the upside above the 56 EMA. The time was 12:00 pm CST with a long entry of 694.10. Here is the chart for trade 1 and 2.

Trade 1 and 2

Click on chart to enlarge.

As in my trading plan, I stop trading at 1:00 pm CST on Friday. The market will get back to more normal trading patterns after the turmoil in Washington subsides. Hopefully that will be next week.

Have a great weekend.

Best regards,

Ron

This is not a solicitation to buy or sell. 
There is a risk in any investment