Thursday, October 9, 2008
S&P 500 emini futures trading coach circuit breaker chart, plunge team
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here we can see the actual aggressive seller in Red as we hit circuit breaker levels. I will show how I played this on my S&P 500 futures education coach trading site.
The market will bounce literally hundreds of times at the circuit breaker level.
I advise to stay away. If it closed and gapped through your position your stop may not be discarded.
Remember you are liable for Margin if you are in a trade and it gaps through. Some accounts are $50,000 margin liability.
S&P 500 emini futures trading , this is a circuit breaker chart
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You can see how many times the market took on the low and bounced.
Plunge team was in the market.
S&P 500 hit the thresh hold and as you can see the aggressive sellers were all filled.
There is a bout a 2 tick bounce on this action.
Very risky play.
Watch your self on the breaker levels if they come. If they shut the market for 2 hours, you could gap down.
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