S&P 500 Hits SAR at 1085

As reported previously, we set one stop at 1,085, which was the parabolic SAR. It got hit yesterday so that gives us a profit of +30 points (1115-1085) or +2.69%.

It does look as if that 200DMA is not going to be tested but never say never. If 1,105 is reached then we will stop that out too and possibly reverse our position. Looking at MACD to verify the SAR and the positive trend if the SP500 breaks the 50DMA.

I repeat, for the sake of our simple trading system we shall use the 50 and 200 DMAs as our primary indicators with the SAR, supported by MACD, for fine tuning.