Ftse 250

The Optimist

Junior member
Currently long on the FTSE 250 after it reversed near it's March low a few days ago and made two higher highs. A little concerned that it would copy the March pattern and reverse at 6,108 but it has today gone through that level. It will be interesting to see if it can close above it.

I currently have a stop 1% away from last night's close. I cannot decide wether to ride any inevitable retracements or try and trade them - Any views?

I like the idea of trading the 250 rather than 100/Dow as it appears to have low volatility rarely moving more than 1% of its value in a day.
Most of the idicies are showing positive divergence, including the 250 and the thought of a major retace is premature....minor pullback, maybe.