Seeking Alpha
  • Bildar
    Overnight es-mini futures cracked the 'must hold' (the ESU12 equivalent to SPX 1328).
    6/28/12
    Reply (10)
    • Bildar: ESU12 low is 1315.25 (approximately equivalent to SPX 1321.50).
      6/28/12
    • Bildar: ESU12 is now attempting a retest of the must hold from below. This is typical.
      6/28/12
    • Bildar: Broke through a bit, now it must hold the 'must hold' again.
      6/28/12
    • Bildar: Which it didn't. But now Hal is looking for a floor.
      6/28/12
    • Bildar: The old upside SPX 1324.50 ceiling has rotted away. Will have new targets, etc. later.
      6/28/12
    • Bildar: Closed the hedge put on at the breakdown.
      6/28/12
    • Bildar: I didn't specify entry, as breakdown orders require attention and nursing through the first few minutes (contd).
      6/28/12
    • Bildar: But always assume entry at must hold breaks as this is very important risk control.
      6/28/12
    • Bildar: New lower must hold will be calculated soon.
      6/28/12
    • Bildar: New must hold is SPX 1321.25, calculated from ESU12, may change slightly after open.
      6/28/12