TMV Swing Trade report – Short the S&P (e-mini) at 1311.25 – Exit price @ 1311.25 – In the TMV I said I was looking for a short-term selling opportunity. I was using the reaction line target objective on the 60-minute chart for a target at 1299.50. The market traded lower over night but came up short of reaching the target objective. It touched shorter-term median line and turned higher and began to form a bullish TR pattern. Since the price action is taking place “inside” the daily reversal bar, I recommended exiting the short position at the entry price. I will watch for a bullish signal pattern to offer a new swing trading signal and keep you updated on the blog.
