Alert 11/7/13 (2)

Action: Buy to open ESZ3 at 1747.50 which is near last week’s low. We should see a bounce in this area. We’ll keep a tight leash on the trade and close at 1751.50 if seen.

Update: 2:19 pm CST: Closed position at 1747 for a -0.50 point loss. Our target was missed by one tick and we should have closed it when prices paused. We’ll take our medicine and walk away with a -$30 loss on the trade and wait for the Employment report tomorrow.