even with the big red candle the nasdaq and SP500 are still bullbut as I always say you should never trust the indices...you have to follow the market with the stop if it does not manage to break a level put the stop below the level
Sp500index
SPX Model Trading Plans for TUE. 02/28Inflation and Rising Yields
The rising yields and inflation concerns still a big hang over on the markets. However, the increasingly bearish retail traders' positioning indicates to a potential for upside spike. Thus, bears need to be extremely nimble as there is a risk of sudden upside spikes due to retail stop runs by the big boys.
Positional Trading Models: Our positional models are indicating to stay on the sidelines for the day.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for TUE. 02/28:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 3990, 3962, or 3953 with a 9-point trailing stop, and going short on a break below 3987, 3970, 3958, or 3949 with a 9-point trailing stop.
Models indicate explicit short exits on a break above 3975. 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 ET 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 #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #pce
EURUSD 200 PIPS FIRST TPin my previous analysis, I predicted EURUSD sell, and it moving nicely according to the analysis. I have booked 200 pips first TP and move stoploss to break even, I'm expecting it to touch the yellow zone I plotted. from that yellow zone we will know if it will continue downtrend or just retest to the upside.
SPX Bounce Target ReachedTen days ago, I wrote about a correction of the SPX back the red support zone. Now the time has come to talk about what could happen next.
The correction didn't happen in the beautiful fashion i had forseen, but this still works. What i expected was a clear zigzag formation within this falling channel, but we broke the support trendline and reached the first real correction target. After that, the price shot back in the channel.
From here, it is most likely that the price will go sideways, maybe in a fashion where it will touch the resistance line once again, or that the SPX is will reach the lower level of this zone, whilst staying in the channel.
S&P 500 - Waiting for a Breakout !The SPX500 is in double TOP Pattern, the price breaks the daily Support Level 🧐
Currently, the price is testing the Support Line !
i'm waiting for a breakout 📉
then! we will see a bearish move !
TARGET: 3905
...
if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
SP500 SELLeace, mercy and blessings of God be upon you. The triangle has been successfully broken, and the uptrend, the market is in a downtrend.
SP500- Key support is at 3800$SPX SP500 turned lower back to 4k and there is room for 3800 as volatility & fear turn up, possibly to the side of 2022 range on $VIX. For now, still 2 counts on the watch list, but the bulls can be back early if 3800 causes intraday impulsive bounce. Bearish if 3800 is broken decisively.
SPXS - There be no Bears here - only BullsThere be no bears here - only bulls!
TIP: Using a stochastic with settings of 5 for %K and 5 for %D you can get an idea when prices are bowing into the dance.
When bears become dominate, inverse ETFs become profitable.
SPXS:
Entry (Stop-Limit) - 20.45
Stop Loss - 18.85
First target - 21.36 (+4.6%)
Anticipated target - 23.57 (+15.27)
$SPY Grow Your Account!What's NEXT?
PATIENCE BABY!
If nothing Happens, why would you try to make it Happen!
Let's Concentrate on some NICE plays and TRADE them Well!
No need to OVERTRADE!
🟨 AAON - on the watchlistLooking for the stock to consolidate at the alert level (cyan color). If it breaks out of there I think this would be a good stock (around the red arrow).
This is what Jessie Livermore called the Line of Least Resistance
SPX Model Trading Plans for FRI. 02/24Inflation Tamed Not
The Inflation numbers (PCE) this morning do not bode well, especially given the increasingly hawkish rhetoric coming out from the various Fed speakers. However, the increasingly bearish retail traders' positioning indicates to a potential for upside spike. Thus, bears need to be patient before striking as there is a risk of retail stop runs by the big boys.
Positional Trading Models: Our positional models are indicating to stay on the sidelines for the day.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for FRI. 02/24:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 3966, 3955, or 3945 with a 9-point trailing stop, and going short on a break below 3949 or 3943 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 3963. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:00am ET 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 #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #pce
SPX Model Trading Plans for THU. 02/23Event Risks Resolving Downwards?
Our trading plans published yesterday stated: "Unless some major upside surprise, our models indicate current downtrend to pick up momentum. Longs need to be wary of the loss of upside momentum and wait for a while before dipping their toes into the longs". The FOMC-Minutes and GDP-Release events yesterday and this morning seem to be resolving to the downside, for now, after an initial pop in the markets. If the index closes in the red today, we can expect a continued down push tomorrow and into the next week.
Positional Trading Models: Our positional models are indicating to stay on the sidelines for the day.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for THU. 02/23:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4001, 3993 or 3950 with a 9-point trailing stop, and going short on a break below 3998, 3988, 3967, or 3940 with a 9-point trailing stop.
Models indicate explicit short exits on a break above 3972 or 3945, and explicit long exits on a break below 3947. 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 ET 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 #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #fomcminutes #gdp
SP500 forming a bullish triangle. 23/Feb/23.Checking from SPX’s latest price “Speed/z-factor”. We probably having a very bullish triangle pattern! . Where SP500 will be trending up until end of 2023!
SPX Model Trading Plans for WED. 02/22FOMC Minutes and GDP To Set the Near Term Tone
Yesterday's Range Breakdown to be tested today with the FOMC minutes at 2pm EST, followed by GDP release tomorrow at 8:30am EST. Unless some major upside surprise, our models indicate current downtrend to pick up momentum. Longs need to be wary of the loss of upside momentum and wait for a while before dipping their toes into the longs.
Positional Trading Models: Our positional models are wary of the potential volatility spikes this afternoon and tomorrow morning due to the major economic releases as mentioned above, and are indicating to stay on the sidelines for the day.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for WED. 02/22:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 3941, 3993, 4020, or 4055 with a 9-point trailing stop, and going short on a break below 4051, 4014, 3988, 3983, 3967, or 3938 with a 9-point trailing stop.
Models indicate explicit short exits on a break above 3972 or 3955, and explicit long exits on a break below 4067. 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 ET 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 #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #fomcminutes
SPX Model Trading Plans for TUE. 02/21Range Break Downward Confirmed
On the Day 10 of the consolidation theme, our trading plans published on Friday, 02/17 stated: "Today's closing action needs to stay below 4088 to confirm this bearish turn. If it is not confirmed, our models point to the risk of an upward spike, trapping the shorts. If going short, beware of a potential bear trap". We got that confirmation with a close at 4079.09 on Friday.
As forecast, the index followed with a deep fall today in the morning session today - how the price action develops throughout the day and into the closing is yet to be seen, and that will determine the forecast for further price action.
Positional Trading Models: Our positional models are wary of today's price action and are indicating to stay on the sidelines for the day.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for TUE. 02/21:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4036 or 4011, with a 10-point trailing stop, and going short on a break below 4008, 4033, or 4060 with a 9-point trailing stop.
Models indicate explicit short exits on a break above 3998. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:45am ET 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 #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
SPX - Big Picture...Very BigWhere do we go from here? Ask a hundred people...get a hundred different opinions.
Here's mine for whatever it's worth.
The decline off the January '22 top left the door open for many corrective scenarios.
You have the 2000/2008 "crashers" and you have the "correction is over" and we're on a Nirvanic journey into the stratosphere.
There's little doubt in my mind we are at an historic turning point relative to the environment we experienced over the past 13 years. The easy money era is over...anyone and everyone made money using the "buy the dip" approach.
What's likely based on my view of the big picture is that we'll have a large trading range corrective environment for years... tracing out a large flat wave 4. This fits into the rule of alternation between big picture wave 2 and my perceived wave 4 we've just begun.
Shorter term...I think the corrective range we are currently in could include a nominal new high along with sharp but contained corrections to chop up both long and short players. Don't get me wrong... there will be good money to be made but the "buy and hold" strategy is over along with "2008 is here" again. It's time to work for your money:)
My $.02
SPX in a BEAR Market? Retracement before a BULL TrapIn this Elliott Wave paradigm, I'm assuming that SPX have completed a BULL Cycle with large wave 3 and that a possible Zig Zag correction is currently unfolding.
If that's the case then, we shouldn't expect any BULL Market or wave 5 before 2024.
However, the AI hype could boost the markets during the end of the year with a test of the 61.8% and maybe above that price level.
The PERFECT BULL TRAP will be in play if this case were to play out.
Of course, we could already assumed that wave B has already finished but I take DURATION into consideration and other macro economics factors.
I'm expecting a correction of of nearly 50% in the short term (next couple of months) to then see a rally up until the end of the year. Maybe November.
Equities WEAK seasonallyS&P500 continues trading in a range, retesting the key resistance at 4180 region multiple times while not falling below 4050 region.
Only with a break of the 4050 region will there be a stronger probability of more downside movement.
Moreover, risk on assets are weak seasonally between February and March period.
SPX Model Trading Plans for FRI. 02/17Range Broken Downward?
On the Day 9 of the consolidation theme, our trading plans yesterday published: "If the index closes below 4150 today, our models indicate continued choppy trading until some unexpectedly positive macro development shows up. There is no bearish concerns as long as the index is above 4095".
The index closed below that 4095 level yesterday, leading our models to turn bearish, and our positional models to go short. Today's closing action needs to stay below 4088 to confirm this bearish turn. If it is not confirmed, our models point to the risk of an upward spike, trapping the shorts. If going short, beware of a potential bear trap.
Positional Trading Models: Our positional models opened a short on the close yesterday at 4090.42, with a take-profit on a cross above 4065, and a trailing stop of 33 points. The index crossed the 4065 at 9:42am, closing the short on the open of the next 1-minute bar at 4065.38, for a profit of 25.04 points.
For today, the models indicate going long on a cross above 4072 with a trailing stop of 12 points. Models also indicate going long at the daily close if above 4100 with a trailing stop of 10 points.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for FRI. 02/17:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4072 or 4060, with a 9-point trailing stop, and going short on a break below 4088, 4068, or 4055 with a 9-point trailing stop.
Models indicate explicit short exits on a break above 4093. 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 ET 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 #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
SPX: First Down Then UpIt looks like the SPX has topped out temporarily. This woudn't be too farfetched as the previous couple uptrends lasted for 34, 36, 21, 23, 40, and 33 days. Right now, we're looking at a top which has been formed after 28 days.
From the looks of it, its trying to form a falling channel. The properties of this pattern are:
- Declining parralel support and resistance lines
- Price oscilating between the support and resistance lines
- Bottom at an important support zone
- Going sideways after hitting the bottom, preferibly with a daily bullish divergence
I'm still bullish on the SPX for 2023, but for now i'm expecting a small correction.
SPY SPX weekly chart thesisPlaying devil's advocate here if we start to sell off and the bears begin to celebrate creating FOMO short. I am longer term bullish looking at this weekly chart even if we get a wick down to the 21ema at our favorite 395 area, however I will not hesitate to flip bearish if we get a candle close under the 21.
Technical supports for my thesis: #1. The most obvious is the clear break out of this bearish down trend line. #2. For the first time since ATH more than a year ago we have touched the top of the upper Bollinger band. Note how many times we touched the bottom Bollinger band throughout the carnage. I count 16 weekly candles! #3. Our beloved 9&21EMAs have finally crossed, a corrective orderly pullback back to the moving averages is healthy for continuation. Yes I do think we get a pullback perhaps tomorrow, maybe next week, who knows? I want a pullback, but we have to keep those candles closed above the 21ema IMO.
SPX Model Trading Plans for THU. 02/16Range Bound Consolidation - Day 9
The Post-CPI whipsaw action in the index is a continuation of the consolidation theme that's been playing out on the markets for a few days now.
If the index closes below 4150 today, our models indicate continued choppy trading until some unexpectedly positive macro development shows up. There is no bearish concerns as long as the index is above 4095.
Positional Trading Models: Our positional models are flat for now. Models indicate going short on a daily close below 4100, with a take-profit on a cross above 4065, and a trailing stop of 33 points. Models also indicate going long on a daily close above 4155 with a trailing stop of 35 points.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for THU. 02/16:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4140, 4126, or 4102 with a 10-point trailing stop, and going short on a break below 4134, 4119, or 4095 with a 9-point trailing stop.
Models indicate explicit short exits on a break above 4080. 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 ET 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 #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
SP500 for a new recent high? 🦐The S&P 500 has been in an uptrend, characterized by higher highs and higher lows. This suggests that there is a bullish bias in the market, as buyers are willing to pay higher prices for the index.
The index recently experienced a retracement to the 50% Fibonacci level, which is a common technical analysis tool used to identify potential support and resistance levels in the market. Fibonacci retracements are based on the idea that markets tend to move in waves, and that retracements to certain levels (such as the 50% level) can provide potential buying opportunities for traders who believe the trend will continue.
Currently, the S&P 500 is trading below a weekly resistance level, which means that there is a barrier to further upside momentum. A resistance level is a price level where sellers tend to become more active, which can lead to a pause or reversal in the uptrend.
If the price were to break above the weekly resistance level, it could be seen as a bullish signal that could provide a new opportunity for a long order according to the MTB strategy.
In conclusion, it appears that the S&P 500 has been in an uptrend, but is currently facing resistance at a key level. If the price were to break above this level, it could provide a new opportunity for traders to enter long positions.
However, it's important to approach the market with caution and always be prepared for unexpected developments that may impact your trades.
