Did you catch that slam dunk trade?

In yesterdays post i told you that the indexes trading through the March 5 low would be a quick slam dunk trade for 2-5 SP5OO points. When the SPY traded at 137.32 - one tick below the March 5 low it triggered a short at the market in the Emini SP500 futures contract. It entered at 1381.25. The chart with one minute bars shows you exactly what happened.

And we seem to have rebounded nicely off those levels. Definitely a ray of hope.

And John referring to the good people over a Kiplinger as conspiracy theorists may be pushing the envelope sir. Curious to hear what readers think on that subject.

Have a Great Day,

Dave Johnson