This past week has shown us that the market isn’t going to break before elections.
Our position is simple, long now back to trend line resistance with a clear spread of 220 points.
POSITION IS A LONG
NASDAQ FUTURE CFD CONTRACT
VOLUME = 10 LOTS = 1,000 UNITS
ENTRY RATE =11,663$
POSITION VALUE 11,663,000$
MARGIN REQUIREMENTS = 1% FROM POSITION VALUE = 11,663$
STOP OUT AT 11,590$ = 73 POINTS
FREE MARGIN TO STOP OUT 73,000$
TAKE PROFIT =11,880$
SPREAD 217 POINTS
EST PROFIT =217,000$