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Bounce Above 4400 Sustainable? Day 3S&P 500 INDEX MODEL TRADING PLANS for FRI. 08/25 Notwithstanding Chair Powell's Jackson Hole speech, our models continue to not give credence to the bounce above 4400 in SPX. We need confirmatory signs before we negate our bearish bias. In our trading plans published Thu. 08/17, we wrote: "The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support". The index closed below that level on Thursday, and took down multiple support levels since then, and our models' bias has turned outright bearish on Friday, and will remain bearish while the daily close is below 4400. As we wrote in our trading plans published yesterday, Thu. 08/23: "It remains to be seen if this morning's surge above 4400 will be convincing enough for our models to abandon the bearish bias by tomorrow". Based on the early session action, we are not abandoning our bearish bias yet. We will reevaluate this on Monday. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4433, 4421, 4407, 4384, 4372, or 4356 with a 8-point trailing stop, and going short on a break below 4430, 4417, 4405, 4381, 4367, or 4353 with a 9-point trailing stop.  Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:31am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #bankdowngrades, #nvidia
SP:SPX
by TradersAIDotCom
Bounce Above 4400 Sustainable? Day 2S&P 500 INDEX MODEL TRADING PLANS for THU. 08/24 In our trading plans published Thu. 08/17, we wrote: "The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support". The index closed below that level on Thursday, and took down multiple support levels since then, and our models' bias has turned outright bearish on Friday, and will remain bearish while the daily close is below 4400. As we wrote in our trading plans published yesterday, Thu. 08/23: "It remains to be seen if this morning's surge above 4400 will be convincing enough for our models to abandon the bearish bias by tomorrow". Based on the early session action, we are not abandoning our bearish bias yet. We will reevaluate this on Monday. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4477, 4463, 4452, 4433, 4421, or 4407 with a 8-point trailing stop, and going short on a break below 4460, 4448, 4430, 4417, or 4405 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4474. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:46am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #bankdowngrades, #nvidia
SP:SPX
by TradersAIDotCom
Morning Bounce Above 4400 Sustainable?S&P 500 INDEX MODEL TRADING PLANS for WED. 08/23 In our trading plans published Thu. 08/17, we wrote: "The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support". The index closed below that level on Thursday, and took down multiple support levels since then, and our models' bias has turned outright bearish on Friday, and will remain bearish while the daily close is below 4400. While the index is between 4400 and 4350, expect sideways consolidation and a choppy market. It remains to be seen if this morning's surge above 4400 will be convincing enough for our models to abandon the bearish bias by tomorrow. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4430, 4419, 4401, or 4392 with a 9-point trailing stop, and going short on a break below 4425, 4416, 4405, 4399, or 4388 with a 9-point trailing stop.  Models indicate explicit short exits on a break above 4407. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 12:01pm EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #bankdowngrades
SP:SPX
by TradersAIDotCom
Bulls Need a Daily Close Above 4400S&P 500 INDEX MODEL TRADING PLANS for TUE. 08/22 In our trading plans published Thu. 08/17, we wrote: "The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support". The index closed below that level on Thursday, and took down multiple support levels since then, and our models' bias has turned outright bearish on Friday, and will remain bearish while the daily close is below 4400. While the index is between 4400 and 4350, expect sideways consolidation and a choppy market. It remains to be seen if this morning's attempt to push the index above 4400 will sustain till the end of the session. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4415, 4408, 4400, 4392, or 4381 with an 8-point trailing stop, and going short on a break below 4413, 4406, 4397, 4388, or 4369 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4378, and explicit short exits on a break above 4371. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:01am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #fitch
SP:SPX
by TradersAIDotCom
Sideways Between Key LevelsS&P 500 INDEX MODEL TRADING PLANS for MON. 08/21 In our trading plans published Thu. 08/17, we wrote: "The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support". The index closed below that level on Thursday, and took down multiple support levels since then, and our models' bias has turned outright bearish on Friday, and will remain bearish while the daily close is below 4400. While the index is between 4400 and 4350, expect sideways consolidation and a choppy market. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4402, 4387, 4373, 4351, or 4341 with an 8-point trailing stop, and going short on a break below 4398, 4383, 4361, 4348, or 4339 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4370, and explicit short exits on a break above 4365. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 12:46pm EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #fitch
SP:SPX
by TradersAIDotCom
Trading Plans for FRI. 08/18 - Key Support Levels BrokenS&P 500 INDEX MODEL TRADING PLANS for FRI. 08/18 To start the week, our trading plans published on Monday, 08/14, stated: "The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish". On Wednesday, this level was breached. In our trading plans published yesterday, Thu. 08/17, we wrote: "The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support". The index closed below that level yesterday, and is taking down multiple support levels this morning. Our models' bias has turned outright bearish today, and will remain bearish while the daily close is below 4410. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4402, 4379, 4368, 4356, or 4341 with an 8-point trailing stop, and going short on a break below 4398, 4390, 4377, 4365, 4353, or 4339 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4427 or 4405, and explicit short exits on a break above 4392. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:36am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi, #fitch, #fomcminutes
SP:SPX
by TradersAIDotCom
#ES_F Day Trading Prep Week 8.13-8.18 Last Week : Last week market went sideways between our Key Resistance and Current Support area which we established on Sunday. Selling seemed very mechanical again because we didn't have size plowing through important levels and continuing, instead we get holds/bounces then continuation which so far has been trapping more new longs on the way down who are looking for support or bigger bounces from here while filling lower. Thursday/Friday we finally saw breaks of 4487-79 Support and put in some volume under it as well but the break on Friday was done pre market hours and when RTH volume came in we were able to hold as market tagged the stops at 65-60 target but didn't hold/continue under trapping pre market shorts for support. We saw this time around that we didn't have strong enough buying to get us back over 4490s-4500 and we closed inside our Current Support for that week with more supply built up above. This Week : This week is a bit difficult to read because we are in the middle of a bigger range but we can look at what we currently have to work with. Overall I think we are still in correction lower as supply is coming out from above and we haven't seen anything to signal trend change to the upside on bigger time frames from here yet. Last week marked balanced in the lower part of this 4560-4490 range with failures to spend any time over Key Resistance area. Friday Globex built up enough supply to break the Support for the week but got no continuation after 65-60 tag, this should be our area to watch going into tonight if we open around it. So far again we are set to open under previous weeks settlements and that would mean as long as we are holding under 4510-4495 that should bring continued weakness. Going into tonight we have 4487-79 as an area to watch, will this previous Support now act as our Resistance or can the market find buyers to get back over it? If we can't hold this 87-79 area we have stops lined up under us starting at 75-70-65-60 area which we could go for if we either get selling or build up the supply. 4465-60 is an area to watch for any continuation this week, under it we can see 4445-37 // 4422-18 and maybe even 4403-4392 areas. Never know how much selling we will get and where the market will find the bid, if this is just trapped supply coming out and its not that much then we shouldn't see market go much lower if we do go there at all BUT just in case if enough selling comes in next Key Support area is 4375-60 and under. For market to regain strength again we would want to see it hold over 4465-60 and ideally be able to push over 4490-95 and 4510-02 area and hold as that would bring back stability and could bring in more buyers to head for higher stops, unless this happens I will only be looking for longs from lower Support areas after market shows holds and consolidations around them that look promising. If we do hold over 4510 we have 4532-25 as another Key Resistance, just over all not looking good for longs over 4500 right now unless we find a strong bid or buying that can push us over it first. I will be watching Globex tonight to see where we open and what we do at 87-79 area for possible continuation lower or if we start consolidating at/above then will wait for more information tomorrow. Levels to Watch : Resistance - Current 4490-95 Key 4508-02 // 4532-25 Support - Current 4479 // 4470-65 Stops under 4445-37 // 22-18 Next Key 4403-4392
CME_MINI:ES1!
by HollowMn
2
Trading Plans for THU. 08/17 - Key Support Level Being TestedS&P 500 INDEX MODEL TRADING PLANS for THU. 08/17 Our trading plans published on Monday, 08/14, stated: "The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish". Yesterday, this level was breached. We also wrote in that trading plan: "This support level is being approached as of this morning. Any sustained breach of this support could open 4400 level as the next support level". The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4438, 4430, 4420, 4407, 4402, or 4383 with a 9-point trailing stop, and going short on a break below 4435, 4417, 4398, 4390, or 4380 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4427 or 4405, and explicit short exits on a break above 4392. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:30am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi, #fitch, #fomcminutes
SP:SPX
by TradersAIDotCom
FOMC Meeting Minutes - Still Relevant to Push the Markets Up?S&P 500 INDEX MODEL TRADING PLANS for WED. 08/16 Our trading plans published on Monday, 08/14, stated: "The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish". This support level is tested on the index as of this morning. Any sustained breach of this support could open 4400 level as the next support level; any rebound will face 4470-4480 as the next resistance level. The FOMC minutes to be released this afternoon may not really have any oomph factor left for any upside moves, but could potentially push the markets lower if surprising on the negative side (more hawkish than markets are hoping/expecting). Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4481, 4467, 4433, or 4402 with an 8-point trailing stop, and going short on a break below 4478, 4470, 4448, 4443, 4430, 4419, or 4398 with a 9-point trailing stop.  Models indicate no explicit exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 12:31pm EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi, #fitch, #fomcminutes
SP:SPX
by TradersAIDotCom
Trading Plans for TUE.08/15 Back to the Basics, and the Reality?S&P 500 INDEX MODEL TRADING PLANS for TUE. 08/15 Our trading plans published yesterday stated: "The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish". This support level is tested on the index as of this morning. Any sustained breach of this support could open 4400 level as the next support level; any rebound will face 4470-4480 as the next resistance level. With the Fed's interest rate policy, inflation, and the earnings almost in the rear view mirror, markets might be going back to the basics this week in search of a direction. Our trading plans published on Thu., 08/10 stated: "Our models continue to indicate choppy markets until this resolves in either direction, notwithstanding this morning's push up following the rising-not-so-fast inflation numbers". The risk is to the downside rather than the upside. Bulls should be wary of any bounces up and use that opportunity to take some money off the table. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4492, 4483, 4458, or 4452 with an 8-point trailing stop, and going short on a break below 4478, 4470, 4455, or 4447  with a 9-point trailing stop.  Models indicate no explicit exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:46am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi, #fitch
SP:SPX
by TradersAIDotCom
Trading Plans for MON. 08/14 - Back To The Basics?S&P 500 INDEX MODEL TRADING PLANS for MON. 08/14 With the Fed's interest rate policy, inflation, and the earnings almost in the rear view mirror, markets might be going back to the basics this week in search of a direction. Our trading plans published on Thu., 08/10 stated: "Our models continue to indicate choppy markets until this resolves in either direction, notwithstanding this morning's push up following the rising-not-so-fast inflation numbers". Last week's PPI numbers have validated why we didn't give too much weight to the CPI numbers and the markets' bounce following that. Currently, there doesn't appear to be any specific factor driving the markets in any direction, leading to choppy markets to continue. The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4492, 4483, 4474, 4466, or 4452 with a 9-point trailing stop, and going short on a break below 4478, 4470, 4455, or 4446  with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4462, and explicit short exits on a break above 4458. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:31am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi
SP:SPX
by TradersAIDotCom
S&P 500 INDEX MODEL TRADING PLANS for FRI. 08/11 Our trading plans published yesterday stated: "Our models continue to indicate choppy markets until this resolves in either direction, notwithstanding this morning's push up following the rising-not-so-fast inflation numbers". Today's PPI numbers have validated why we didn't give too much weight to yesterday morning's CPI numbers and the markets' bounce following that. Currently, there doesn't appear to be any specific factor driving the markets in any direction, leading to choppy markets to continue. The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4501, 4492, 4481, or 4452 with a 8-point trailing stop, and going short on a break below 4498, 4478, 4461, or 4447  with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4488, and explicit short exits on a break above 4465. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:36am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi
SP:SPX
by TradersAIDotCom
S&P 500 INDEX MODEL TRADING PLANS for THU. 08/10S&P 500 INDEX MODEL TRADING PLANS for THU. 08/10 With the Fed and Interest Rates not burning issues anymore (at least for now), with major earnings mostly in the rear view mirror, markets are struggling to find a direction and a relevant factor to latch onto. Currently, there doesn't appear to be any specific factor driving the markets in any direction, leading to listless markets. Our models continue to indicate choppy markets until this resolves in either direction, notwithstanding this morning's push up following the rising-not-so-fast inflation numbers. The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4525-4535 is the resistance level, a daily close above which will turn our models cautiously bullish. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4492, 4502, 4516, or 4525 with a 9-point trailing stop, and going short on a break below 4520, 4513, 4486, or 4472  with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4497, and explicit short exits on a break above 4477. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:31am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. Positional Trading Plans: We are decommissioning our Positional Trading plans today, in order to launch them in a separate mode down the road. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt
SP:SPX
by TradersAIDotCom
Markets Searching for a Direction - Day 2S&P 500 INDEX MODEL TRADING PLANS for WED. 08/09 With the Fed and Interest Rates not burning issues anymore (at least for now), with major earnings mostly in the rear view mirror, markets are struggling to find a direction and a relevant factor to latch onto. Currently, there doesn't appear to be any specific factor driving the markets in any direction, leading to listless markets. Our models continue to indicate choppy markets until this resolves in either direction. The level of 4480-4490 is now the main support level, with 4500 the immediate key level for both Support and Resistance. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate the same trading plans as yesterday: i.e., going long on a break above 4486, 4491, 4502, 4507 with a 9-point trailing stop, and going short on a break below 4475, 4483, or 4497  with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4505, and explicit short exits on a break above 4465. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:01am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. Positional Trading Plans: For today, positional models indicate staying flat. By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #debtdowngrade, #usdowngrade, #usdebtdowngrade, #usdebtrating
CBOE:SPX
by TradersAIDotCom
Markets Struggling to Find a DirectionS&P 500 INDEX MODEL TRADING PLANS for TUE. 08/08 With the Fed and Interest Rates not a burning issue anymore, with major earnings mostly in the rear view mirror, markets are struggling to find a direction and a relevant factor to latch onto. Currently, there doesn't appear to be any specific factor driving the markets in any direction, leading to listless markets. Our models indicate sideways markets until this resolves in either direction. The level of 4545-4550 is now the main resistance level, with 4500 the immediate support. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4486, 4491, 4502, 4507 with a 9-point trailing stop, and going short on a break below 4475, 4483, or 4497  with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4505, and explicit short exits on a break above 4465. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:31am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. Positional Trading Plans: For today, positional models indicate staying flat. By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #debtdowngrade, #usdowngrade, #usdebtdowngrade, #usdebtrating
CBOE:SPX
by TradersAIDotCom
Trading Plans for FRI. 08/04 - The Precarious Rally Continues...S&P 500 INDEX MODEL TRADING PLANS for FRI. 08/04 As we published in our earlier trading plans: "The question on everybody's mind - whether they are a bull or a bear or a bystander - is: "How long can this rally continue?". And, nobody knows - or, can know - the answer, of course. But, as long as there are doubters, the rally will still have some steam left in it - mostly feeding on short squeezes". As we published in the wake of the US debt downgrade: "There is a potential for sudden spikes up to squeeze the shorts in the near term. Might be risky to stay short while the index is above 4500", the 4500 support level has held and the index survived any potential downfall from the US debt downgrade. At least, for now. The level of 4545-4550 is now the main resistance level, with 4500 the immediate support. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4550, 4532, 4520, 4506, or 4491 with a 9-point trailing stop, and going short on a break below 4545, 4528, 4516, 4502, or 4487 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4537, and explicit short exits on a break above 4537 (same level). Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 01:01pm EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. Positional Trading Plans: Our positional models carried a short overnight, with an entry of 4509.90 and a short exit at 4516 (or, the equivalent in ES futures after hours). The short exit level was hit overnight closing the short at a deemed level of 4516 for a loss of 6.10 index points. For today, positional models indicate staying flat. By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #debtdowngrade, #usdowngrade, #usdebtdowngrade, #usdebtrating
SP:SPX
by TradersAIDotCom
The Precarious Rally Might be Stalling? Day 1S&P 500 INDEX MODEL TRADING PLANS for WED. 08/02 As we published in our earlier trading plans: "The question on everybody's mind - whether they are a bull or a bear or a bystander - is: "How long can this rally continue?". And, nobody knows - or, can know - the answer, of course. But, as long as there are doubters, the rally will still have some steam left in it - mostly feeding on short squeezes". Earnings notwithstanding, the U.S. downgrade by the ratings agencies could have the potential to stall the bull. But, the bears should be cautious about jumping the gun, yet. There is a potential for sudden spikes up to squeeze the shorts in the near term. Might be risky to stay short while the index is above 4500. The previously stated level of 4575-4580 is now the main resistance level, with 4500 the immediate support. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4550, 4520, 4506, or 4491 with an 8-point trailing stop, and going short on a break below 4545, 4527, 4516, 4502, or 4487 with a 9-point trailing stop.  Models indicate no explicit long exits, and explicit short exits on a break above 4530 or 4537. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:16am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. Positional Trading Plans: Our positional models indicate going short on a break below 4515 with a 16-point trailing stop. If models open a short and survive into the close, models indicate continuing the trailing stop which will be effective overnight (see the overnight exposure explanation below for positional trading plans). By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usrating, #ratingdowngrade, #usdowngrade, #usratingdowngrade
SP:SPX
by TradersAIDotCom
Trading Plans for MON. 07/31: Will The Precarious Rally ContinueS&P 500 INDEX MODEL TRADING PLANS for TUE. 08/01 The question on everybody's mind - whether they are a bull or a bear or a bystander - is: "How long can this rally continue?". And, nobody knows - or, can know - the answer, of course. But, as long as there are doubters, the rally will still have some steam left in it - mostly feeding on short squeezes. Earnings this week should shed some more light on how the markets are shaping up in the wake of the sticky inflation. If they continue to appear to be on track or with a bias to the upside surprises then the next bull leg could get well entrenched. But, If the earnings show any unexpected weakness ("unexpected" is the key word there), then we might have seen an interim top. The previously stated level of 4575-4580 is now the key support/resistance level, with the 4603-4610 range the next resistance level. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4583, 4561, or 4537 with an 8-point trailing stop, and going short on a break below 4575, 4557, or 4527 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4568, 4548, or 4532, and explicit short exits on a break above 4532, 4552, or 4568. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:11am EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. Positional Trading Plans: Our positional models continue to indicate staying out of the markets until otherwise stated. By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings
SP:SPX
by TradersAIDotCom
Will This Precarious Rally Continue? Day 2S&P 500 INDEX MODEL TRADING PLANS for MON. 07/31 The question on everybody's mind - whether they are a bull or a bear or a bystander - is: "How long can this rally continue?". And, nobody knows - or, can know - the answer, of course. But, as long as there are doubters, the rally will still have some steam left in it - mostly feeding on short squeezes. Earnings this week should shed some more light on how the markets are shaping up in the wake of the sticky inflation. If they continue to appear to be on track or with a bias to the upside surprises then the next bull leg could get well entrenched. But, If the earnings show any unexpected weakness ("unexpected" is the key word there), then we might have seen an interim top. The previously stated level of 4575-4580 is now the key support/resistance level, with the 4603-4610 range the next resistance level. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4592 or 4583 with an 8-point trailing stop, and going short on a break below 4579, 4570, or 4562 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4589 or 4585, and explicit short exits on a break above 4565 or 4574. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 12:31pm EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. Positional Trading Plans: Our positional models continue to indicate staying out of the markets until otherwise stated. By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings
CBOE:SPX
by TradersAIDotCom
1