My trade continued... 27th July 2013

The price appears to be falling against a downwards sloping support line if not a price channel. If it is forming a channel hopefully it's not breaking out of it at the moment.

As the articles, systems & strategies on this website say, the edge on stock market indices comes from support & resistance / mean reversion. Basically, from speculators driving the market up and down as they aim to buy low and sell high.

Looking to exit this long trade as soon as the price moves back towards the downwards slopping support line...

Here's the chart -