[photopress:simsci_fullday_12_min.JPG,full,pp_image] As mentioned in the morning posting, sentiment was negative. The entry came later than expected. After failure swing was observed in RSI, short position was established at 290.6. Position was closed as trailing stop was triggered at 289.4, with 1.2 point gain.
I am looking at a weaker session of SIMSCI today. With Nikkei trading flat and negative Hang Seng, sentiment is negatively biased. Price setup is still incomplete at this point of time. 1028am.