The key to intraday positioning
The Emini S&P, among other index futures instruments renders itself as a decent reliable trading instrument to intraday participants. The key is moderate your lot sizes intraday so that one is not leveraged awkwardly where scaling-in becomes impossible within the constraints of your account size. Most times having the support and resistance lines drawn on your chart alongside accurate Fibs can simply do the job as you can see from the chart presented. Optimum zoom out measurements in this case leaned using the Friday low price prints as a lower anchor and the overnight high of 4618 from last evening to arrive at Fib support and then overlaying this with intraday pivots does the job. Staying long on this trade through the 4631.25 price target!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.