Swing Position Update - Home Run !

Long @ 1398 E-Mini S&P500 Futures : Sept

The 3rd Target: 1416.25  hit and booked for + 18.25

The 4th Target at 1419 :  was also hit and booked, took profits again + 21 pts

The Final Target at 1432 -  hit and booked profits + 34 pts

1430.25 was the R 4 and LVN  < The price action consolidation and accumulation for 4 Hours was a clue that it was going to breakout to new 52 Week High and short squeeze the late Shorts. 

Weekly Key Level: 1429 - May 20, 2008  and R4 at 1430.75

The Grand Total Profits for this Trade : + 99.25pts or $ 4,962.50 per contract

Done for this trade

I would like to thank all traders that took the WRONG position by Selling SHORT in StockTwits that made this possible :

" denichun " - Keeps building short, YEAH RIGHT ! ,  " Big_mike73 " , " bradha " - Bradley ,
" SriramaTanniru " - Amateur( novice ) < not aware of key levels, losses against the strong trend ! ( incompetent ), " upmkt5 " - Mark Michel < this guy has lost so many times and won't learn ! , " ChartMoMo "- Ryan Cormier < " I have lost 5 followers in 5 min by posting s&p 500 short trades " < Won't listen to the market trend ! "TexasTrader" < too many consecutive losses, won't improve,  UNBELIVABLE but true

The above should have had listened to this Trader : " soulfire " - " Bears should take note, the closer we move to elections, the less likely any major market plunge- more likely the opposite will occur"


Keep trading against the trend gentlemen ! LOL

JaguarTrader aka TraderTopGun