Today's Trading Plan: The Looming Triangle

Yesterday, the S&P 500 showed a rising trend-line and a triangle pattern, and seems unable to break out to a higher level.

Technical Outlook:

My Trades:

  • Did not add any new positions yesterday. 
  • Closed MSFT yesterday at $58.21 for a 1.9% loss. 
  • Will look to add 1-2 new swing-trades to the portfolio today. 
  • Currently 10% Long / 40% Short / 50% Cash

Chart for SPX:

SP 500 Market Analysis 10-11-16

Disclosure:

None.

STOCKS IN THIS ARTICLE

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