Emini
a topfishing play on spx futes (es1!)es1! calls have been lining themselves up for overheated conditions on top of a move that has confirmed higher lows on larger timeframes and smaller ones become overbought
above 4620 is a sell pressure area
below 4581 is a supportive area
could bullflag, but more probable is a false breakout, followed by a short term melt fown
Bulls and Bears zone for 12-01-2021ETH session has rallied probably to test yesterday's High.
Any test of ETH session High could provide direction for the day.
Level to watch 4626 --- 4624
Reports to watch:
US: PMI Manufacturing Final
9:45 AM ET
US:ISM Manufacturing Index
10:00 AM ET
US:Construction Spending
10:00 AM ET
US:Jerome Powell Speaks
10:00 AM ET
US: EIA Petroleum Status Report
10:30 AM ET
Bulls and Bears zone for 11-30-2021ETH session market sold off aggressively perhaps to test last week's Low.
Any test of ETH session Low could provide direction for the day.
Level to watch 4611 --- 4609
Reports to watch:
US:Chicago PMI
9:45 AM ET
US:Consumer Confidence
10:00 AM ET
US:Jerome Powell Speaks
10:00 AM ET
TradersAI TradingPlans - Testing The InterestHey guys,
Hope you all had a great Thanksgiving break!
After a long time of being away from here, we are thinking of publishing our trading plans here every morning, again.
For starters, here's a very simple, actionable, but potentially powerful idea we are looking at for now:
Go short if SPX breaks below 4670 or 4660 with a trailing stop of 9 points - or, exit at 3:59pm (depending on your trading time frame, say 1M, 5M, 15M, 30M, 60M, your final results could be different from someone else).
No long signals for today for our models.
Best of luck with your trading!
TradersAI