its MLK day so the stocks are closed, but the sp500 futures is still inching along. i think i will use channel lines as a target if i cant use recent hi's/lo's or 200 ema. any major form of resistance would work. i noticed i have a couple trades right now that look like they should have been exited already and have fallen a lot since then. my other trades are looking good with a couple near their targets. the best trades that i have do not have channel lines in the way, but the worst ones and the ones that have fallen off do. i think i will draw channels again for my stocks. so now my potential targets are: 200 ema, recent hi's/lo's and channel lines.
ill try to trade the sp500 futures when a setup happens to appear but its so rare. on the daily chart i would be lucky to get 4 or 5 entries all year......thats why i switched to stocks the first year i was trading. but i can be ready to trade the market if and when a setup does occur.
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