Daily Recap 2-10-2014 – Another Day Another Profit

SPY had another green day today albeit weaker than the last two and it looks like this push up is losing steam as it approaches the daily trend line, as expected I should say. I expect (and have been expecting since Friday) some kind of retrace movement before the daily trend line breaks, and it goes well with the short signal the system issued on today on the 60 min interval (see here for details). 

In the meantime the 60 min long position was closed today with a PROFIT of 2.87 points, while the 120 min long position is still open and making profits.

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