Long Dow, S&P

Bought Dow and S&P

Reason: Bulls has been in control since the 23rd of April, price approached the resistance, but it seems bulls were still in control in the sellers territory (resistance)…when we say bulls were in control, we mean that they formed levels of support as price moved higher, so as long as those supports are not broken, bulls are the Kings. We took a long position because the minor support held, showing us that bulls were not willing to give up..SL was placed just below the minor support. Also on Dow, price had broken out of the wedge.

We have taken partial profits and placed our SL to BE.


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