Potential Mean Reversion Setup - Not Trading, Just A Bookmark
Updated
Using this as a bookmark to see how a potential mean reversion setup in S&P 500 futures plays out.
Note
After further consolidation at these levels I actually took the trade a bit ago. Long at 3767.50, stop loss 3761.25 and target 3799. Gonna see how it handles this 3774 level and if we don't take it out I may close for a quick profit. Looks constructive though so giving it time to do its thing.Note
Don't love how weak the Nasdaq is behaving given the overlap w/ S&P 500 holdings, but the rest of the indices look decent.Note
Not worth the headache. Nasdaq can't get its shit together and weighing on the S&P. Out for about $10 profit. Gonna go enjoy my dinner and night / quit while I'm ahead.
My trading plan: bit.ly/2MM9vVv
My trade log: bit.ly/3bqoQW5
My trade log: bit.ly/3bqoQW5
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.