Stopped Out Of Pound And S&P

We are out of our S&P short at 2604.  Totally mistimed the positive China stimulus rhetoric overnight.  Can’t win them on.  Clearly, new market psychology for new.  Look to sell higher unless decisive break about 2650.   On to the next trade.

Nervous traders take down the Sterling over one percent before BREXIT vote today, which hit our stop on the March contract at 1.2830.  We still like cable but didn’t want to turn a big win into a loser.  Expecting some more volatility and will put in a limit buy order at 1.26 handle.

Enough of the trading posts.  Time to feed you some real meat.

alpha

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