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J-Fund Stock Trends

Welcome to my blog everybody!  I will be posting my daily stock trades here.  Please do not follow my trades unless you’re an experienced trader.  Feel free to comment or ask questions.  Good trading everyone!

Here is one of the trades that I executed last week:

6 Months daily chart:

1 month, 60 minutes chart:

If you look closely on this chart, S&P tried to break out the resistance point at around 1347 and failed for two consecutive days both on July 21st and 22nd.  Since the July 22 was a Friday, I waited for Monday to execute my short position.