SP500, A setup for the bulls. S&P500 / 1D
Hello traders, welcome back to another market breakdown.
SP500 has been making new highs new lower highs. The price is trading around the 50% pull-back on the major spike higher.
The bulls need to prevent the bears from achieving follow-through. The bulls are hopeful that yesterday was just a sell vacuum test of a 50% pullback from the rally.
Trade safely,
Trader Leo.
Emini
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
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 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 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
SPX Model Trading Plans for WED. 02/15Range Bound Consolidation - Day 8
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 WED. 02/15:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4140, 4120, or 4102 with a 10-point trailing stop, and going short on a break below 4134, 4118, 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 10:50am 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 Model Trading Plans for TUE. 02/14Consolidation Ahead? Day 7
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 downward drift until some unexpectedly positive macro development shows up. If the index closes between 4100-4150 today then we expect the choppy consolidation to continue into the next week.
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 TUE. 02/14:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4155, 4120 or 4102 with a 10-point trailing stop, and going short on a break below 4150, 4118, 4095, or 4080 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4116. 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
Micro ES eMini - Back in the same areaCME_MINI:MESH2023
For the ES Micro (and full) contract, we pushed down a little further from yesterdays low (PDL), and made a u-turn back up around previous day close (todays open price zone).
So now what?
Big market makers digesting this weeks Fed's transcript, over the weekend?
I think so...big moves coming next CBOE opening bell
SPX Model Trading Plans for FRI. 02/10Consolidation Ahead? Day 5
On the fourth day since we first published "the surge from post-FOMC last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place", the index has clearly confirmed that its bullish momentum has dissipated, and our positional models have turned bearish with a short position opened.
Unless the index closes above 4100 today, our models indicate continued downward drift until some unexpectedly positive macro development shows up. If the index closes above 4100 today, then we expect the choppy consolidation to continue into the next week.
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 4180 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 FRI. 02/09:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4113, 4103, 4083, or 4071 with a 9-point trailing stop, and going short on a break below 4090, 4080, or 4068 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4109 or 4098, and short exit on a break above 4093 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 10:01am 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 Model Trading Plans for THU. 02/09Consolidation Ahead? Day 4
The surge from post-FOMC last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place. The risk is still for an upside spike than for a downside draft while the index is above 4100 on a daily close basis.
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 4180 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. 02/09:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4167, 4152, 4127, or 4103 with a 9-point trailing stop, and going short on a break below 4163, 4147, 4123, or 4097 with a 9-point trailing stop.
Models indicate no explicit long exits and short exits on a break above 4116 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 09:46am 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 Model Trading Plans for WED. 02/08Consolidation Ahead? Day 3
The surge from post-FOMC last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place. If you are long, could be time to take some money off the table, and if you are short/wanting to go short then you might want to dip your toes but want to wait for a confirmation before stepping in more. The risk is still for an upside spike than for a downside draft while the index is above 4100 on a daily close basis.
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.
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. 02/08:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4167, 4152, or 4102 with a 9-point trailing stop, and going short on a break below 4163, 4145, 4113, or 4097 with a 9-point trailing stop.
Models indicate no explicit long exits and short exits on a break above 4116 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 10:16am 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 Model Trading Plans for TUE. 02/07Consolidation Ahead? Day 2
The surge from post-FOMC last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place. If you are long, could be time to take some money off the table, and if you are short/wanting to go short then you might want to dip your toes but want to wait for a confirmation before stepping in more. The risk is still for an upside spike than for a downside draft while the index is above 4100 on a daily close basis.
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.
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. 02/07:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4123 or 4096 with a 9-point trailing stop, and going short on a break below 4119, 4092, or 4068 with a 10-point trailing stop.
Models indicate no explicit long exits and short exits on a break above 4073 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 10:35am 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 Model Trading Plans for MON. 02/06Consolidation Ahead?
The surge after the FOMC Wednesday and the NFP Friday last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place. If you are long, could be time to take some money off the table, and if you are short/wanting to go short then you might want to dip your toes but want to wait for a confirmation before stepping in more. The risk is still for an upside spike than for a downside draft while the index is above 4100 on a daily close basis.
Positional Trading Models: Our positional models are flat for now. Models indicate going short on a cross below 4100, with a take-profit on a cross above 4055, and with a trailing stop of 33 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 MON. 02/06:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4120 or 4103 with a 9-point trailing stop, and going short on a break below 4117, 4100, or 4080 with a 9-point trailing stop.
Models indicate no explicit long exits and short exits on a break above 4086 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 11:16am 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