Daily Recap 3-27-2014

SPY crossed the daily trend line today as I expected and bounced back to close above it by 6 ticks, so the bulls survived another day. I am unsure about tomorrow although I tend towards another dip before we see a more serious effort upwards.

Two more trading days to the end of the quarter and so far the system is doing much better than the market, but we’ll have to wait for the end of the month.

The 120 min short position the system holds is making profits, for updated stop points please look here

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