Thursday, 17 March 2011

Double Bottom Trades

I cannot post in length this am. However, I do see a number of potential double bottom plays. On Tuesday we saw climatic lows form in a number of markets. Last night we saw a retest of these lows in Eminis/S&P500 , EUROSTOXX, AUD. This is a great area for a possible trend reversal now back up. Wait for a bit more strength and buy. Good risk/reward trades. Look for similar setups in the SPI at 4760/70. See charts below



S&P 500 5mins:





Emini 15mins:



AUDUSD 5mins: