Home > Short-Term Trader > Time To Ring The Register On Shorts

Time To Ring The Register On Shorts

We hit 1151.54 in the S&P 500 Cash Index moments ago. This is a major support area and for those who have been short this would be a good spot to take them off and see how the market reacts. Several of my short-term guides have become ultra oversold. I have taken profits on my ES short positions and have nibbled from the long side just under 1150 in the June ES contract.

As always, take care of your positions and use stops!

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Categories: Short-Term Trader
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