Tuesday 2 July 2013

New S&P500 CFD Trade - 2nd June 2013

Well as I suspected the market has broken the upward sloping support line and has not yet broken about it. Here is a five day chart of the S&P500 at last nights closing -

As you can see, the market has broken a the upward sloping support line and this support line is now acting as resistance. Now might be a good time for me to go short.

It is only just after 10am here in the UK and the US market won't be open for hours but CFDs on the S&P500 with UK brokers are available, here is the chart -



My Trade is short @ 1,616.98

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