S&P 500 E-mini Futures playbook going into October/elections
Updated
Hello!
Introduction:
I've been mainly trading ES and NQ for over a year now. Mostly I love to swing shorter term with options/futures contracts, but also sometimes scalp when the opportunity exists. Just giving a heads up that I'm also an degenerate who thinks, its possible to top/low tick the market quite often and I've had some success doing it.
Now here's the analysis:
Here's my playbook on ES futures going into October and also US elections (3/11/20). I think there's likely some upside ahead in the shorter term (up to around 3410 level), which is then followed by some chop/weakness in the overall markets, because of the uncertainty of elections. There's also likely gonna be a rally after the elections, because of all the protection market participants have bought and everyone likely agreeing that the markets are going to tank. You don't want to be part of that crowd because more than often they are gonna get caught on the wrong side of the market and have to chase into new highs. Look for the after-elections squeeze at around ES 3300 level. At least that's my theory using my knowledge in the markets (+2 years actively trading almost everyday and managing capital for other people). It's likely not gonna play out like that, but you get the idea.
*turn date 20/11/* - All the options gamma getting rolled over by the dealers likely have positive effect on the markets rally into year's end/Christmas. If there's weakness into this date it's likely gonna get gobbled up in the next few days and squeeze all the shorts and make people on the sidelines chase!
Good luck!
Tonis
Introduction:
I've been mainly trading ES and NQ for over a year now. Mostly I love to swing shorter term with options/futures contracts, but also sometimes scalp when the opportunity exists. Just giving a heads up that I'm also an degenerate who thinks, its possible to top/low tick the market quite often and I've had some success doing it.
Now here's the analysis:
Here's my playbook on ES futures going into October and also US elections (3/11/20). I think there's likely some upside ahead in the shorter term (up to around 3410 level), which is then followed by some chop/weakness in the overall markets, because of the uncertainty of elections. There's also likely gonna be a rally after the elections, because of all the protection market participants have bought and everyone likely agreeing that the markets are going to tank. You don't want to be part of that crowd because more than often they are gonna get caught on the wrong side of the market and have to chase into new highs. Look for the after-elections squeeze at around ES 3300 level. At least that's my theory using my knowledge in the markets (+2 years actively trading almost everyday and managing capital for other people). It's likely not gonna play out like that, but you get the idea.
*turn date 20/11/* - All the options gamma getting rolled over by the dealers likely have positive effect on the markets rally into year's end/Christmas. If there's weakness into this date it's likely gonna get gobbled up in the next few days and squeeze all the shorts and make people on the sidelines chase!
Good luck!
Tonis
Note
To all the people seeing my idea on the front-page: If you like what you see, please consider following me. I'm planning to start sharing educational content in the future on topics like trading psychology and mistakes what not to do. Also there will be some paid information from different sources that I'll be sharing here, which I hope will bring more value to ya'll.Note
Update - 
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