Full ES/SPX trading plan for Sept 20thPlan For Friday:
• Supports:
5775, 5769, 5765 (major), 5758, 5754 (major), 5746, 5737-40 (major), 5730, 5721 (major), 5715, 5711 (major), 5702 (major), 5690, 5685 (major), 5680, 5675 (major), 5666, 5659, 5646 (major).
• Levels i would bid Direct:
• I’m still trailing my 10% long runner from 5685,
S&P Analysis + Short Thesis UpdateSome analysis for the S&P, most things are looking bullish obviously after the big bounce yesterday. Nothing has changed for me on the overall short thesis, but for now I don't think it's a good idea to keep trying to jump in front of a moving train. We'll see where things end up settling out after
SP500 Futures Chart Now in Final Stages of 100 year RallyCycles are a normal part of life. The stock market is no different. In my long term analysis we appear to be headed up to an area that can complete a rally that started almost 100 years ago.
For context, this long-term consolidation will be similar to Japan's Nikkei index in which made no new h
Diamond Top formation still in effectwe are in an EWT Diamon d Top formation in every indices, every stock, bitcoin , and gold have all had similar diamond tops i feel the recession is finally here, FED be damned. They always cause the problems.
all the FOMC does is screw up the market
everything has had a diamond top, prepare for th
ES levels and targets sept 16thFriday, I posted two targets in ES: 5619 and 5630. We hit 5630 by 10am. It was a battleground for the last two weeks of August, and we’ve been stuck here ever since. *Avoid overtrading around this .*
As of now: 5619-22 is weak support. Holding that keeps 5642 and 5660 in play. If 5619 fails, lookin
S&P Rally Continues, How High Will We Get?The SPX rally that started on a softer landing scenario has been fuelled even more by investor confidence.
It's always wise to remember that equities generally will not fall unless there is reason. That would come in the form of real economic headwinds, or at least the speech about their potential.
Clean close on FridayIt was a clean close on Friday in the S&P 500. What I mean by this is a close near the high of Friday's trading which is a sign that buyers are willing to hold this position into the weekend. The expectation would be new highs on Monday but not a large move as the market positions itself for the fun
The market is ready for the FedThe structure and the S&P 500 on Tuesday implies the market is ready for the Fed announcement. The expectation is a 25 bp cut. If this does happen it would also imply the continuation of an uptrend.
Stronger Asia openThe S&P 500 opened stronger in the Asia Tuesday session. If you are on the long side of this market be cautious because the market oftentimes will come back to the previous range with this type of higher opening. Although there is plenty of fundamental information that can create volatility in this
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for E-mini S&P 500 Futures (Jun 2015) is Jun 19, 2015.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell E-mini S&P 500 Futures (Jun 2015) before Jun 19, 2015.