Tuesday, December 29, 2009

A Door Of Opportunity / Emini Futures Trading - Tuesday December 29th, 2009


"I know all the things you do, and I have opened a door for you that no one can close"
(Revelation 3:8, NLT)
Open Doors was the theme of today's devotional and we also had a quick chat with David Marsh regarding our upcoming Webinar and release of his new Pro Indicator Version 2 and Dow Emini Advanced Video Series. We believe this will be an incredible Door of Opportunity for our trading audience as we step into 2010.  (listen now)
S&P 500 Emini Futures Trading

The market bounced nicely off the open at our 1124 level and rallied up to our 1126 level (1126.25 to be exact) and then rolled over offering a 4 point opportunity on the short side. As we were closing out the show we discussed a trade that was shaping up and suggested a limit entry at 1123.75 with a stop just over 1125. Click the chart above for a close-up view of how it played out.

Overall a lackluster day with slightly higher volume than yesterday and another tight 6 point range. We look forward to 2010 and the new opportunities that will avail themselves in the markets and here at CFRN.

As always,
Pray Hard & Trade Safe!

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