Trade Strategy 8.16.13 “3% Pullback”

Ten (10) days…-3%…and 50 handles lower since our call on 08.02.13 “Top Turn Date” with a near perfect Head and Shoulders topping formation now solidly confirmed.

With options expiring today, price action may have a mind of its own…so our trade strategy for today’s session is to remain nimble and play both sides.

Upper Zone to watch today for initial supply is 1661 – 1663.50…Lower Zone 1655 – 1658 for initial support.

Good Trading…David

Habitude Five
I think in terms of probabilities. I do not know, all I have are probabilities. Probabilities are at the core of my decisions. Through consistent application of the probabilities, I will win.

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