I have no strong inclination either way going into Monday despite my forecast indicating a strong up move. It's quite possible we rally but if we manage to sell off the move will be brisk so I am paying caution to the wind and spreading my risk (Long SPY and USO and short SPY call spreads).
As usual, here is the updated ES forecast.
ES Forecast
Public ES system had a decent week but overall quite muted in comparison to the past year. Here are month-to-date results for July 2009.
July 2009 MTD ES System Trading Results
Take some time to step away from the computer - it's important to your success to lead a balanced lifestyle.
Have a great weekend and we'll see you Sunday night.
