ES - Where to Join into the TrainThese two blue boxes are also very suitable for working with receivers.
Instead of getting lost in the low time interval, transactions can be taken by looking at the reactions when the price reaches these levels.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
Esmini
ES1/SPX500 BEARSHello Fellow traders, idea of distribution is done at 5th wave, this pop up price today was just retracements on the 5th wave zone.
for stoploss clearly the upside of 5th wave. with clear targets below before our future retracements.
This is not a financial advice, this is only my view on distribution type.
Same with SPX500/SPY/SP500futures charts.
Follow for more Weekly longshot trades. becareful use stoploss for better trading!
Bearish continuation of spooz and nasdaqIm going to watch the price action when it hits my entry point on daily chart based on monthly PD arrays. I am anticipating the current weekly candle to close bearish initiating the sell move on Wednesday and Thursday most probably. Markets could go higher and definitely could take the resent daily swing high. But if it does that today or tomorrow on Tuesday then Wednesday will be a good time to look for the perfect selling opportunity around 10-11 AM or 02-03 PM ET. Look for price to break structure on at least H1 and H4 chart, once its done, wait for retracement and get into it. Only trade for study purpose on demo.
Turning Cautiously BullishS&P 500 INDEX MODEL TRADING PLANS for TUE. 08/29
As we wrote in our trading plans published yesterday, Mon. 08/28: "If we get a daily close above 4415 today then our models will flip to a moderately bullish bias. If not, they will continue to sport their bearish bias". We got this confirmation with yesterday's close, and our models are turning cautiously bullish for today.
There are mixed signals about the viability of this push up, hence the cautiousness. With the economic released coming in rest of the week, with the culmination into the NFP Friday, there is a risk of volatile spikes in either direction. If you are entering into a positional trade, make sure you have enough bandwidth to sustain wide swings.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4486, 4476, 4463, or 4454 with a 9-point trailing stop, and going short on a break below 4483, 4473, 4460, 4450, or 4437 with a 9-point trailing stop.
Models indicate explicit short exits on a break above 4443. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:46am EST 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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #bankdowngrades, #nvidia
4400 Breakout Confirmation Today?S&P 500 INDEX MODEL TRADING PLANS for MON. 08/28
As we wrote in our trading plans published Thu. 08/24: "It remains to be seen if this morning's surge above 4400 will be convincing enough for our models to abandon the bearish bias by tomorrow". On Friday, 08/25, we wrote: "Based on the early session action, we are not abandoning our bearish bias yet. We will reevaluate this on Monday".
If we get a daily close above 4415 today then our models will flip to a moderately bullish bias. If not, they will continue to sport their bearish bias.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4433, 4426, 4407, 4402, or 4387 with a 9-point trailing stop, and going short on a break below 4424, 4413, 4405, 4398, or 4384 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4430. 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 EST 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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #bankdowngrades, #nvidia
Bounce Above 4400 Sustainable? Day 3S&P 500 INDEX MODEL TRADING PLANS for FRI. 08/25
Notwithstanding Chair Powell's Jackson Hole speech, our models continue to not give credence to the bounce above 4400 in SPX. We need confirmatory signs before we negate our bearish bias.
In our trading plans published Thu. 08/17, we wrote: "The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support". The index closed below that level on Thursday, and took down multiple support levels since then, and our models' bias has turned outright bearish on Friday, and will remain bearish while the daily close is below 4400.
As we wrote in our trading plans published yesterday, Thu. 08/23: "It remains to be seen if this morning's surge above 4400 will be convincing enough for our models to abandon the bearish bias by tomorrow". Based on the early session action, we are not abandoning our bearish bias yet. We will reevaluate this on Monday.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4433, 4421, 4407, 4384, 4372, or 4356 with a 8-point trailing stop, and going short on a break below 4430, 4417, 4405, 4381, 4367, or 4353 with a 9-point trailing stop.
Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:31am EST 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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #bankdowngrades, #nvidia
Trading Plans for FRI. 08/18 - Key Support Levels BrokenS&P 500 INDEX MODEL TRADING PLANS for FRI. 08/18
To start the week, our trading plans published on Monday, 08/14, stated: "The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish". On Wednesday, this level was breached.
In our trading plans published yesterday, Thu. 08/17, we wrote: "The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support". The index closed below that level yesterday, and is taking down multiple support levels this morning.
Our models' bias has turned outright bearish today, and will remain bearish while the daily close is below 4410.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4402, 4379, 4368, 4356, or 4341 with an 8-point trailing stop, and going short on a break below 4398, 4390, 4377, 4365, 4353, or 4339 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4427 or 4405, and explicit short exits on a break above 4392. 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 EST 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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi, #fitch, #fomcminutes
Trading Plans for THU. 08/17 - Key Support Level Being TestedS&P 500 INDEX MODEL TRADING PLANS for THU. 08/17
Our trading plans published on Monday, 08/14, stated: "The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish". Yesterday, this level was breached.
We also wrote in that trading plan: "This support level is being approached as of this morning. Any sustained breach of this support could open 4400 level as the next support level". The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4438, 4430, 4420, 4407, 4402, or 4383 with a 9-point trailing stop, and going short on a break below 4435, 4417, 4398, 4390, or 4380 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4427 or 4405, and explicit short exits on a break above 4392. 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 EST 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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi, #fitch, #fomcminutes
FOMC Meeting Minutes - Still Relevant to Push the Markets Up?S&P 500 INDEX MODEL TRADING PLANS for WED. 08/16
Our trading plans published on Monday, 08/14, stated: "The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish". This support level is tested on the index as of this morning. Any sustained breach of this support could open 4400 level as the next support level; any rebound will face 4470-4480 as the next resistance level.
The FOMC minutes to be released this afternoon may not really have any oomph factor left for any upside moves, but could potentially push the markets lower if surprising on the negative side (more hawkish than markets are hoping/expecting).
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4481, 4467, 4433, or 4402 with an 8-point trailing stop, and going short on a break below 4478, 4470, 4448, 4443, 4430, 4419, or 4398 with a 9-point trailing stop.
Models indicate no explicit exits 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 12:31pm EST 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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi, #fitch, #fomcminutes
Trading Plans for TUE.08/15 Back to the Basics, and the Reality?S&P 500 INDEX MODEL TRADING PLANS for TUE. 08/15
Our trading plans published yesterday stated: "The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish". This support level is tested on the index as of this morning. Any sustained breach of this support could open 4400 level as the next support level; any rebound will face 4470-4480 as the next resistance level.
With the Fed's interest rate policy, inflation, and the earnings almost in the rear view mirror, markets might be going back to the basics this week in search of a direction. Our trading plans published on Thu., 08/10 stated: "Our models continue to indicate choppy markets until this resolves in either direction, notwithstanding this morning's push up following the rising-not-so-fast inflation numbers".
The risk is to the downside rather than the upside. Bulls should be wary of any bounces up and use that opportunity to take some money off the table.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4492, 4483, 4458, or 4452 with an 8-point trailing stop, and going short on a break below 4478, 4470, 4455, or 4447 with a 9-point trailing stop.
Models indicate no explicit exits 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 10:46am EST 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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi, #fitch
Trading Plans for MON. 08/14 - Back To The Basics?S&P 500 INDEX MODEL TRADING PLANS for MON. 08/14
With the Fed's interest rate policy, inflation, and the earnings almost in the rear view mirror, markets might be going back to the basics this week in search of a direction. Our trading plans published on Thu., 08/10 stated: "Our models continue to indicate choppy markets until this resolves in either direction, notwithstanding this morning's push up following the rising-not-so-fast inflation numbers".
Last week's PPI numbers have validated why we didn't give too much weight to the CPI numbers and the markets' bounce following that. Currently, there doesn't appear to be any specific factor driving the markets in any direction, leading to choppy markets to continue.
The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4492, 4483, 4474, 4466, or 4452 with a 9-point trailing stop, and going short on a break below 4478, 4470, 4455, or 4446 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4462, and explicit short exits on a break above 4458. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:31am EST 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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi
S&P 500 INDEX MODEL TRADING PLANS for FRI. 08/11 Our trading plans published yesterday stated: "Our models continue to indicate choppy markets until this resolves in either direction, notwithstanding this morning's push up following the rising-not-so-fast inflation numbers". Today's PPI numbers have validated why we didn't give too much weight to yesterday morning's CPI numbers and the markets' bounce following that.
Currently, there doesn't appear to be any specific factor driving the markets in any direction, leading to choppy markets to continue. The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4501, 4492, 4481, or 4452 with a 8-point trailing stop, and going short on a break below 4498, 4478, 4461, or 4447 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4488, and explicit short exits on a break above 4465. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:36am EST 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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi
S&P 500 INDEX MODEL TRADING PLANS for THU. 08/10S&P 500 INDEX MODEL TRADING PLANS for THU. 08/10
With the Fed and Interest Rates not burning issues anymore (at least for now), with major earnings mostly in the rear view mirror, markets are struggling to find a direction and a relevant factor to latch onto. Currently, there doesn't appear to be any specific factor driving the markets in any direction, leading to listless markets. Our models continue to indicate choppy markets until this resolves in either direction, notwithstanding this morning's push up following the rising-not-so-fast inflation numbers.
The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4525-4535 is the resistance level, a daily close above which will turn our models cautiously bullish.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4492, 4502, 4516, or 4525 with a 9-point trailing stop, and going short on a break below 4520, 4513, 4486, or 4472 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4497, and explicit short exits on a break above 4477. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:31am EST 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.
Positional Trading Plans:
We are decommissioning our Positional Trading plans today, in order to launch them in a separate mode down the road.
(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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt
Markets Searching for a Direction - Day 2S&P 500 INDEX MODEL TRADING PLANS for WED. 08/09
With the Fed and Interest Rates not burning issues anymore (at least for now), with major earnings mostly in the rear view mirror, markets are struggling to find a direction and a relevant factor to latch onto. Currently, there doesn't appear to be any specific factor driving the markets in any direction, leading to listless markets. Our models continue to indicate choppy markets until this resolves in either direction.
The level of 4480-4490 is now the main support level, with 4500 the immediate key level for both Support and Resistance.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate the same trading plans as yesterday: i.e., going long on a break above 4486, 4491, 4502, 4507 with a 9-point trailing stop, and going short on a break below 4475, 4483, or 4497 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4505, and explicit short exits on a break above 4465. 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 EST 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.
Positional Trading Plans:
For today, positional models indicate staying flat.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
(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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #debtdowngrade, #usdowngrade, #usdebtdowngrade, #usdebtrating
Markets Struggling to Find a DirectionS&P 500 INDEX MODEL TRADING PLANS for TUE. 08/08
With the Fed and Interest Rates not a burning issue anymore, with major earnings mostly in the rear view mirror, markets are struggling to find a direction and a relevant factor to latch onto. Currently, there doesn't appear to be any specific factor driving the markets in any direction, leading to listless markets. Our models indicate sideways markets until this resolves in either direction.
The level of 4545-4550 is now the main resistance level, with 4500 the immediate support.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4486, 4491, 4502, 4507 with a 9-point trailing stop, and going short on a break below 4475, 4483, or 4497 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4505, and explicit short exits on a break above 4465. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:31am EST 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.
Positional Trading Plans:
For today, positional models indicate staying flat.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
(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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #debtdowngrade, #usdowngrade, #usdebtdowngrade, #usdebtrating
Trading Plans for FRI. 08/04 - The Precarious Rally Continues...S&P 500 INDEX MODEL TRADING PLANS for FRI. 08/04
As we published in our earlier trading plans: "The question on everybody's mind - whether they are a bull or a bear or a bystander - is: "How long can this rally continue?". And, nobody knows - or, can know - the answer, of course. But, as long as there are doubters, the rally will still have some steam left in it - mostly feeding on short squeezes".
As we published in the wake of the US debt downgrade: "There is a potential for sudden spikes up to squeeze the shorts in the near term. Might be risky to stay short while the index is above 4500", the 4500 support level has held and the index survived any potential downfall from the US debt downgrade. At least, for now.
The level of 4545-4550 is now the main resistance level, with 4500 the immediate support.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4550, 4532, 4520, 4506, or 4491 with a 9-point trailing stop, and going short on a break below 4545, 4528, 4516, 4502, or 4487 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4537, and explicit short exits on a break above 4537 (same level). Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 01:01pm EST 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.
Positional Trading Plans:
Our positional models carried a short overnight, with an entry of 4509.90 and a short exit at 4516 (or, the equivalent in ES futures after hours). The short exit level was hit overnight closing the short at a deemed level of 4516 for a loss of 6.10 index points.
For today, positional models indicate staying flat.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
(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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #debtdowngrade, #usdowngrade, #usdebtdowngrade, #usdebtrating
The Precarious Rally Might be Stalling? Day 2S&P 500 INDEX MODEL TRADING PLANS for THU. 08/03
As we published in our earlier trading plans: "The question on everybody's mind - whether they are a bull or a bear or a bystander - is: "How long can this rally continue?". And, nobody knows - or, can know - the answer, of course. But, as long as there are doubters, the rally will still have some steam left in it - mostly feeding on short squeezes".
Earnings notwithstanding, the U.S. downgrade by the ratings agencies could have the potential to stall the bull. But, the bears should be cautious about jumping the gun, yet. There is a potential for sudden spikes up to squeeze the shorts in the near term. Might be risky to stay short while the index is above 4500.
The level of 4545-4550 is now the main resistance level, with 4500 the immediate support.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4550, 4520, 4506, or 4491 with an 8-point trailing stop, and going short on a break below 4545, 4527, 4516, 4502, or 4487 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4537, and explicit short exits on a break above 4537 (same level). Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 12:16pm EST 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.
Positional Trading Plans:
Following our published trading plans yesterday, our positional models went short on a break below 4515 (at 3:09pm, at a short entry of 4514.93) with a 16-point trailing stop and carried the short overnight with the 16-point trailing stop effective (see the overnight exposure explanation below for positional trading plans).
The short made a low at 3:55am, survived the stop till 5:10am (based on the price action in the futures markets) where it was hit, closing the position at 4526.25, for a loss of 11.32 index points.
For today, positional models indicate going short on a break below 4520 or 4510, with a hard stop at 4527 and an explicit short exit on a break above 4516.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
(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, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #debtdowngrade, #usdowngrade, #usdebtdowngrade, #usdebtrating
Will This Precarious Rally Continue? Day 2S&P 500 INDEX MODEL TRADING PLANS for MON. 07/31
The question on everybody's mind - whether they are a bull or a bear or a bystander - is: "How long can this rally continue?". And, nobody knows - or, can know - the answer, of course. But, as long as there are doubters, the rally will still have some steam left in it - mostly feeding on short squeezes.
Earnings this week should shed some more light on how the markets are shaping up in the wake of the sticky inflation. If they continue to appear to be on track or with a bias to the upside surprises then the next bull leg could get well entrenched. But, If the earnings show any unexpected weakness ("unexpected" is the key word there), then we might have seen an interim top.
The previously stated level of 4575-4580 is now the key support/resistance level, with the 4603-4610 range the next resistance level.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4592 or 4583 with an 8-point trailing stop, and going short on a break below 4579, 4570, or 4562 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4589 or 4585, and explicit short exits on a break above 4565 or 4574. 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 EST 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.
Positional Trading Plans:
Our positional models continue to indicate staying out of the markets until otherwise stated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
(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, #stocks, #futures, #inflation, #recession, #earnings
How Long Will This Precarious Rally Continue?S&P 500 INDEX MODEL TRADING PLANS for FRI. 07/28
In our trading plans yesterday, we published: "The risk continues to be to the downside, so longs might want to be cautious; however, bears have to wait for their opportunity strike and not jump the gun". There was a little pull back - bears should not rejoice, yet.
The question on everybody's mind - whether they are a bull or a bear or a bystander - is: "How long can this rally continue?". And, nobody knows - or, can know - the answer, of course. But, as long as there are doubters, the rally will still have some steam left in it - mostly, feasting on short squeezes.
The rest of this week's earnings should shed some more light on how the markets are shaping up in the wake of the sticky inflation. If they continue to appear to be on track or with a bias to the upside surprises then the next bull leg could get well entrenched. But, If the earnings show any unexpected weakness ("unexpected" is the key word there), then we might have seen an interim top.
The previously stated level of 4575-4580 is now the key support/resistance level, with the 4603-4610 range the next resistance level.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4598, 4584, 4575, or 4555 with an 8-point trailing stop, and going short on a break below 4588, 4570, 4563, 4550, or 4535 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4545 or 4580, and explicit short exits on a break above 4540 or 4583. 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 EST 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.
Positional Trading Plans:
Our positional models continue to indicate staying out of the markets until otherwise stated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
(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, #stocks, #futures, #inflation, #recession, #earnings
The Bull-Goldilocks Is Humming AlongS&P 500 INDEX MODEL TRADING PLANS for THU. 07/27
Almost as everyone and their grandmother predicted, the FOMC hiked another 25 basis points. With the FOMC faded into the background, earnings stories would continue to set the market tone until they begin to feel the bull run fatigue setting in. The risk continues to be to the downside, so longs might want to be cautious; however, bears have to wait for their opportunity strike and not jump the gun.
The rest of this week's earnings should shed some more light on how the markets are shaping up in the wake of the sticky inflation. If they continue to appear to be on track or with a bias to the upside surprises then the next bull leg could get well entrenched. But, If the earnings show any unexpected weakness ("unexpected" is the key word there), then we might have seen an interim top.
The previously stated level of 4575-4580 is now the immediate support level, while 4603-4610 are the next resistance level.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4598, 4584, 4575, or 4568 with an 8-point trailing stop, and going short on a break below 4588, 4572, or 4563 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4593 or 4580, and explicit short exits on a break above 4583. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:31am EST 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.
Positional Trading Plans:
Our positional models continue to indicate staying out of the markets until otherwise stated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
(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, #stocks, #futures, #inflation, #recession, #earnings, #fomc, #powell, #interestrates
Is the Inflation Fight Still Relevant? We Shall Find Out Today!S&P 500 INDEX MODEL TRADING PLANS for WED. 07/26
With a quarter-point rate increase almost a given, today's FOMC meeting may be a non-event, and earnings could be the driving force for the next few weeks. Only some unexpectedly negative revelations/indications from Chair Powell today could influence the markets - otherwise, the FOMC release and the presser could be just fading into the background. The risk is to the downside, so longs might want to be cautious.
Earnings so far this season indicate strong positive momentum. This week's earnings should shed some light on how the markets are shaping up in the wake of the sticky inflation. If they continue to appear to be on track or with a bias to the upside surprises then the next bull leg could get well entrenched. But, If the earnings show any unexpected weakness ("unexpected" is the key word there), then we might have seen an interim top.
The previously stated level of 4525-4535 is now a key area of support; 4575-4580 is the next area of resistance.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4581 or 4532 with an 8-point trailing stop, and going short on a break below 4575 or 4529 with a 9-point trailing stop.
Models indicate no explicit exits. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 02:50pm EST or later (i.e, way into the Chair Powell's press conference).
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!)
Positional Trading Plans:
Our positional models indicate staying out of the markets until otherwise stated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
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, #stocks, #futures, #inflation, #recession, #earnings, #fomc, #powell, #interestrates
Earnings to Trump FOMC this Week?S&P 500 INDEX MODEL TRADING PLANS for MON. 07/24
With a quarter-point rate increase almost a given, the July FOMC meeting may be a non-event, and earnings could be the driving force for the next few weeks. This week's earnings should shed some light on how the markets are shaping up in the wake of the sticky inflation.
Earnings so far this season indicate strong positive momentum. If the earnings continue to appear to be on track or with a bias to the upside surprises then the next bull leg could get well entrenched. But, If the earnings show any unexpected weakness ("unexpected" is the key word there), then we might have seen an interim top.
The previously stated level of 4525-4535 is now a key area of support, and 4575-4580 is the next area of resistance.
Positional Trading Models: Our positional models indicate staying out of the markets until otherwise stated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4562, 4545, or 4532 with an 8-point trailing stop, and going short on a break below 4559, 4540, or 4529 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4548. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 02:31pm EST 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.
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