Today’s trade in the June S&P continued the advance which came on the heels of the key reversal bottom which formed this past Monday. This three day advance fits perfectly with my expectation for the trend to reverse at the 4/22-4/23 time target. The post yesterday explained  procedurally that I would expect the move to ensue as of Monday 4/25. I expect once started, that it might persist for between three and fifteen days. Traders who are concerned about the possibility of the time point having already arrived, ie this past Monday, might find a long straddle position to be appropriate. During today’s session I entered orders to sell June e-minis at 1326 and 1296. Any specific strategy a trader would apply should take into account a host of specific variables that essentially define you and your particular account.

Disclaimer: The above is meant for educational purposes and is not intended as a specific trade recommendation.