ESM10 – June E-Mini S&P (Last:1062.25)

Because yesterday’s buy recommendation caught the overnight low to the exact tick, we ended the day long a single contract whose cost basis has been reduced by profit-taking to 1113.00.  Those who initiated the trade on a single contract were advised to exit earlier at 1160.25, producing a theoretical gain of $650 on a day trade. For now, continue to use an 1175.75 target, one-cancels-the-other, with a stop-loss at 1157.25.  If the futures hit 1166.00, implement a 4-point trailing stop.