TRADERSAI - A.I. Powered Model Trades for FRI 07/12 - OUTCOMESResults of our models' trading plans, published Friday morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
THE GIST:
Medium-Frequency Models: No trades planned for the day.
Aggressive, Intraday Models: Lead to a gain of 2.50 index points on a total of two trades - one short and one long.
THE DETAILS:
For the trade-by-trade details with time stamps, please check on our site (not allowed to post the links here).
Sp1
TRADERSAI - A.I. Powered Model Trades for Today, FRI 07/12How Long Can this Ride Last? That's Not the Right Question!
As we wrote yesterday morning's outlook, trying to justify what our "gut" "feeling" says what "should or should not be" happening in the markets is NOT what one should do to invest or trade in the markets. Yet, most individual investors/traders are known to do exactly that! If you find yourself pounding the table about what should not be the case or should be the case, it will serve you well to ponder this.
Rather than trying to predict what might happen in the future (whether it be next year, next month, next week, tomorrow, or next hour), most professionals' trading relies heavily on "evidence" of what "is" happening in the market and run with it. And, most of the times, what "is" is not necessarily what might be obvious or might exactly be what is wide open and obvious. Quant models help us confirm that exact "evidence"!
The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site.
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) The results of these indicated trades would vary widely depending on the timeframe you use (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.
#ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Yields
Bulls and Bears zone for 07-12-2019Last couple of days price action has been very ominous. Both days traders sold off as soon as market rallied after open. If we open at ATH today, i would expect market to sell off again perhaps after a test of the overnight session high.
Levels to watch would be 3010---3012
TRADERSAI - A.I. Powered Model Trades for THU 07/11 - OUTCOMESResults of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
THE GIST:
Medium-Frequency Models: Lead to a gain of 3.20 index points on one short trade.
Aggressive, Intraday Models: Lead to a gain of 1.10 index points on a total of three trades - one long and two shorts.
THE DETAILS:
For the trade-by-trade details with time stamps, please check out the article on our site (not allowed to post the link here)
Elliott Wave View: S&P 500 (SPX) Remains Buy in the DipsS&P 500 (SPX) shows a bullish sequence from December 26, 2018 low against June 3, 2019 low (2728.81) favoring further upside. Short term Elliott Wave view suggests the rally from June 13, 2019 low (2874.68) is unfolding as a leading diagonal Elliott Wave structure. Leading diagonal is a special type of 5 waves structure with a wedge like pattern and overlapping wave (i) and (iv). Up from June 13 low, wave (i) ended at 2964.15 and wave (ii) ended at 2912.99. Index then resumes higher in wave (iii) towards 2995.84 and wave (iv) pullback ended at 2963.44.
Expect SPX to do 1 more push higher to end wave (v) and this move also end wave ((i)). Afterwards, Index should pullback within wave ((ii)) to correct cycle from June 13 low before the rally resumes. Wave ((ii)) pullback should unfold in the sequence of 3, 7, or 11 swing. We don’t like selling the Index and expect Index to continue finding support in pullback. As far as pivot at June 13 low (2874.68) stays intact in the first degree, expect Index to extend higher. If pivot at June 13 low fails, then Index is correcting cycle from June 3 low (2728.81), and still expected to resume higher while above there.
TRADERSAI - A.I. Powered Model Trades for Today, THU 07/11Does Something Not Seem Right with this Bull?
When markets are making new highs on old news, and when the Fed is dovish when the financial markets are at historic highs and the unemployment at historic lows - if you "feel" something does not add up, you are not being irrational but you may not be being objective as well!
Making trading decisions should not have anything to do with what one "thinks"/"feels", but about what "is" happening and what it probabilistically "indicates" happening further. That's where quantitative models can help.
The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site.
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) The results of these indicated trades would vary widely depending on the timeframe you use (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.
#ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Yields
Bulls and Bears zone for 07-11-2019Market tried to rally during overnight session and stalled at high of yesterday's RTH. Traders will probably test overnight high than decide on direction.
Level to watch 3004 ---3006
Bears might prevail today.
Couple of reports that might impact the market:
US:Jerome Powell Speaks
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 07-10-2019After yesterday's rally during RTH market sold off during overnight session but stopped at 61% of RTH range. As long as market stays above 2971 we could expect a positive day.
However, volatility could be high due to Mr. Powell speaking today and FOMC minutes release.
Level to watch would be 2982---2984.
Few reports for today:
US:Jerome Powell Speaks
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Minutes
2:00 PM ET
Bulls and Bears zone for 07-08-2019Since Fridays rally, market has been selling off during overnight session. So far market has sold off over 61% of Fridays RTH session, which is probably bearish.
Need to look for test of overnight high before market resumes its direction. Level to watch would be 2987 ---2985.
Bulls and Bears zone for 07-01-2019It seems that the market is going to open Gap up at ATH. I suppose we are going to see a test of overnight High and a Sell off very likely.
Few report that are due today that could impact the market:
US:PMI Manufacturing Index
9:45 AM ET
US:ISM Mfg Index
10:00 AM ET
US:Construction Spending
10:00 AM ET
Bulls and Bears zone for 06-28-2019After retracing for few days, market seems to be ready for a rally again. Overnight session rally stalled early this morning, which suggests that we might get a test of overnight low than a rally.
Couple of reports to be aware:
US:Chicago PMI
9:45 AM ET
US:Consumer Sentiment
10:00 AM ET
Bulls and Bears zone for 06-27-2019Market rallied during overnight session than had a sharp sell off. Also GDP was released earlier which was within expected range. However, consumer spending dropped sharply, therefore we could expect a sell off. Level to watch would be currently where market is trading 2925---27.
Couple of reports to monitor are:
US:Pending Home Sales Index
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 06-25-2019After yesterdays sell off late in the afternoon, market is currently rallying. Very likely, traders will test yesterdays RTH high. Might want to keep an eye on 2958-2960 area.
Couple of reports that could effect the market:
US:New Home Sales
10:00 AM ET
US:Consumer Confidence
10:00 AM ET
Bulls and Bears zone for 06-19-2019Market has been trading in a range during overnight session. We will probably see same type of action all day until FOMC meeting announcement at 2 pm ET.
It would make sense to see a test of yesterday's High before deciding on direction. Very likely aggressive selling to follow later on this afternoon if the market does not like what FOMC report has to say. It is definitely going to be very volatile since last few days market has been trading in an expected range.
Bulls and Bears zone for 06-17-2019Market rallied during overnight session and is selling off as I write. It seems, we might get another day similar to last Friday's price action. Traders might try to close the Gap open between Wednesday and Thursday. However, if the market rallies, Bears must defend 2900.