Beginning a new bull channel Part 3The idea is still valid. The market needs a breakout to begin a large leg 3 upward.
Eminisp500
Markets Celebrating the Obvious?!S&P 500 INDEX MODEL TRADING PLANS for WED. 05/17
Our stance last couple of weeks has been: "Our models are indicating an initial bias towards an inflection point coming soon. Barring any unexpected bullish development showing up on the horizon, chances are that this could be unwinding to the downside".
Looks like Biden and McCarthy potentially coming close to some kind of agreement on debt ceiling and avoid a potential U.S. default is being masqueraded as that "unexpected bullish development" (which almost everyone expected anyway).
Whether this move is going to be the start of the next leg up or to be a classic pump-and-dump remains to be seen.
Positional Trading Models: Our positional models are flashing a potential bull trap ahead if this morning's move up proves unsustainable. Models indicate going short at the close if today's close is to be below 4147 (activated at 3:59pm). If opened a short, models indicate instituting a hard stop at 4187.
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.
Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today.
Aggressive, Intraday Trading Plans for WED. 05/17:
For today, our aggressive intraday models indicate going long on a break above 4165, 4153, 4132, 4102, or 4091 with a 9-point trailing stop, and going short on a break below 4158, 4147, 4129, 4099, or 4088 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4109, and explicit short exits on a break above 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 01:31pm 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, #stocks, #futures, #inflation, #recession, #fomc, #fed, #fedspeak, #regionalbanks, #debtceiling
Markets Indecisive on the Next Leg for NowS&P 500 INDEX MODEL TRADING PLANS for FRI. 05/12
Other than the simmering regional bank crisis concerns whipsawing between the sentiments of relief and concern, there does not appear to be much for the markets to go by these days. The depressed VIX could be pointing to potential complacency in the markets that could unravel in the coming weeks to either side.
Our models are indicating an initial bias towards an inflection point coming soon. Barring any unexpected bullish development showing up on the horizon, chances are that this could be unwinding to the downside - we might see a confirmation in the next few days.
Positional Trading Models: Our positional models are waiting for the tug-of-war between the bulls and the bears to show some signs of strength on either side. For now, the models are in an indeterminate mode and indicate no positional trading plans 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.
Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today.
Aggressive, Intraday Trading Plans for FRI. 05/12:
For today, our aggressive intraday models indicate going long on a break above 4160, 4144, 4130, or 4119 with a 9-point trailing stop, and going short on a break below 4137, 4128, or 4117 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4157 or 4141. 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 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, #stocks, #futures, #inflation, #recession, #fomc, #fed, #fedspeak, #regionalbanks, #cpi, #ppi
Post-CPI Bullish Spike Needs Confirmation from PPI TomorrowS&P 500 INDEX MODEL TRADING PLANS for WED. 05/10
As we wrote in our published Trading Plans yesterday, "The CPI and the PPI releases this week are likely going to make investors contemplating over the basics of the markets - economy, inflation, interest rates, and, maybe, freshly obsess over potential recession.". The post-CPI market action so far is underwhelming at best - looks like the markets are waiting for a confirmation from the PPI release tomorrow.
Our models are indicating an initial bias towards an inflection point coming soon. Barring any unexpected bullish development showing up on the horizon, chances are that this could be unwinding to the downside - we might see a confirmation in the next few days.
However, if the PPI confirms the market action post-CPI this morning, then we might be starting another bullish leg. We need to wait for the PPI tomorrow before forming any directional bias.
Positional Trading Models: Our positional models are waiting for the PPI release tomorrow to form a positional trading bias. For now, they are in an indeterminate mode and indicate no positional trading plans 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.
Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today.
Aggressive, Intraday Trading Plans for WED. 05/10:
For today, our aggressive intraday models indicate going long on a break above 4140, 4131, 4123, 4112, or 4102 with a 9-point trailing stop, and going short on a break below 4128, 4118, 4109, or 4097 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4136. 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 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, #stocks, #futures, #inflation, #recession, #fomc, #fed, #fedspeak, #regionalbanks, #cpi, #ppi
Back to the Basics: Inflation, Interest Rates, and Economic OutlS&P 500 INDEX MODEL TRADING PLANS for TUE. 05/09
With the earnings noise in the rear view mirror, markets are likely to go back to the basics this week. The CPI and the PPI releases this week are likely going to make investors contemplating over the basics of the markets - economy, inflation, interest rates, and, maybe, freshly obsess over potential recession.
Our published Trading Plans last Friday stated: "Our models indicate no confidence in the post-NFP spike up, and are on the sidelines for now, with no bullish bias in place yet. Bulls need to be cautious about sudden spikes lower, while bears need to be cautious against taking on any shorts prematurely.".
That outlook is still valid for today. However, our models are indicating an initial bias towards an inflection point coming soon. Barring any unexpected bullish development showing up on the horizon, chances are that this could be unwinding to the downside - we might see a confirmation in the next few days.
Positional Trading Models: Our positional models are re-iterating early bearish signs it initially flashed a couple of weeks back. However, they indicate no specific trading plans for today.
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.
Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today.
Aggressive, Intraday Trading Plans for TUE. 05/09:
For today, our aggressive intraday models indicate going long on a break above 4169, 4142, 4126, or 4102 with a 10-point trailing stop, and going short on a break below 4163, 4123, 4097, or 4079 with a 10-point trailing stop.
Models indicate explicit long exits on a break below 4136, and explicit short exits on a break above 4086. 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, #stocks, #futures, #inflation, #recession, #fomc, #fed, #fedspeak, #regionalbanks, #cpi, #ppi
Wall Street Celebrating Main Street's Good News?! S&P 500 INDEX MODEL TRADING PLANS for FRI. 05/05
The strong Non-Farm Payrolls number on top of what Powell had to say yesterday after the FOMC rate decision should have pushed the markets down worried about "higher rates for longer time" but the markets seem to be celebrating mainstream good news for now. The options positioning and the extremely bearish retail sentiment point to this spike up as a potential short squeeze rather than some underlying strength. Wall Street celebrating Main Street's good news gives something to be wary about!
Our models indicate no confidence in the post-NFP spike up, and are on the side lines for now, with no bullish bias in place yet. Bulls need to be cautious about sudden spikes lower, while bears need to be cautious against taking on any shorts prematurely.
Positional Trading Models: Our positional models, while flashing early bearish signs, indicate no trading plans for today.
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.
Aggressive, Intraday Trading Plans for FRI. 05/05:
For today, our aggressive intraday models indicate going long on a break above 4136, 4122, 4102, or 4083 with a 9-point trailing stop, and going short on a break below 4133, 4114, 4095, or 4078 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4053. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:01am 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, #stocks, #futures, #inflation, #recession, #fomc, #fed, #fedspeak, #regionalbanks, #banks, #bankingcrisis, #nonfarm, #nfp
It's All About the Regional Banks Now!S&P 500 INDEX MODEL TRADING PLANS for THU. 05/04
While the FOMC and Powell could not scare the markets enough yesterday, the Regional Banks are accomplishing that and some! With the KBW Regional Banking Index is now flirting with the 2020 Covid-19 lows. And, it is May (the "Sell in May and Go Away" adage on the street, and in academic research)! Looks like a scary recipe for the bulls, at least for now.
Our models indicate no clear trend emerging until after the session close. Bulls need to be cautious about sudden spikes lower, while bears need to be cautious against taking on any shorts prematurely.
Positional Trading Models: Our positional models, while flashing early bearish signs, indicate no trading plans for today.
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.
Aggressive, Intraday Trading Plans for THU. 05/04:
For today, our aggressive intraday models indicate going long on a break above 4136, 4118, 4102, 4083, 4057, or 4050 with a 9-point trailing stop, and going short on a break below 4133, 4113, 4095, 4078, or 4048 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4053. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:45am 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, #fed, #stocks, #futures, #inflation, #recession, #bigtech, #earnings, #FOMC
Fed Speak - To Be Scared or Not To Be Scared?S&P 500 INDEX MODEL TRADING PLANS for WED. 05/03
Thirty minutes into the FOMC rate decision, markets appear to be yawning at the numbers and just waiting to parse every word Powell is going to speak at the press conference beginning at 2:30pm ET. As of now, markets seem to be in a dilemma as to whether to be scared of the Fed speak about being tough on their fight with the inflation or to be hopeful that the regional bank crisis will soften the Fed's stance.
Our models indicate no clear trend emerging until after the session close or early session tomorrow. Bulls need to be cautious about sudden spikes lower, while bears need to be cautious against taking on any shorts prematurely.
Positional Trading Models: Our positional models, while flashing early bearish signs, indicate no trading plans for today.
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.
Aggressive, Intraday Trading Plans for WED. 05/03:
For today, our aggressive intraday models indicate going long on a break above 4168, 4155, 4142, 4118, or 4103 with a 9-point trailing stop, and going short on a break below 4164, 4149, 4125, 4112, or 4097 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4134, and explicit short exits on a break above 4130. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 02:45pm 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, #fed, #stocks, #futures, #inflation, #recession, #bigtech, #earnings, #FOMC
Pre-FOMC Tantrums or Some Concerning Ailment?S&P 500 INDEX MODEL TRADING PLANS for TUE. 05/02
In our first trading plan of this trading week - published yesterday, Mon. 05/01 - we wrote: "With the FOMC meeting this week, everything else takes a second place until Wednesday. Expect a push-and-pull action in the markets heading into the event. If you are not a nimble trader, wait until the event is over for any directional trading. Most of the market action in the last few sessions appears to be driven by short squeezes rather than any directional conviction.
Our models indicate no clear trend emerging until after Wednesday. Bulls need to be cautious about sudden spikes lower, while bears need to be cautious against taking on any shorts prematurely."
The "sudden spikes lower" we mentioned are manifesting this morning - whether it is indicative of the typical "market tantrums" before FOMC day, or whether it is an indication of the banking-sector related anxiety developing into some ailment might become slowly apparent after the FOMC event tomorrow.
Positional Trading Models: Our positional models, while flashing early bearish signs, indicate no trading plans for today.
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.
Aggressive, Intraday Trading Plans for TUE. 05/02:
For today, our aggressive intraday models indicate going long on a break above 4104, 4138, 4160, or 4168 with an 8-point trailing stop, and going short on a break below 4098, 4127, 4157, or 4164 with an 8-point trailing stop.
Models indicate explicit long exits on a break below 4132, and explicit short exits on a break above 4132. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:31 am 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, #fed, #stocks, #futures, #inflation, #recession, #bigtech, #earnings, #FOMC
Emini S&P Weekly Action AreasIn this update we review the recent price action in the emini #SP500 futures contract and identify the next high probability trading opportunity and price objectives totarget
FOMC Fight Against Inflation is the Real Game in Town this Week!S&P 500 INDEX MODEL TRADING PLANS for MON. 05/01
With the FOMC meeting this week, everything else takes a second place until Wednesday. Expect a push-and-pull action in the markets heading into the event. If you are not a nimble trader, wait until the event is over for any directional trading. Most of the market action in the last few sessions appears to be driven by short squeezes rather than any directional conviction.
Our models indicate no clear trend emerging until after Wednesday. Bulls need to be cautious about sudden spikes lower, while bears need to be cautious against taking on any shorts prematurely.
Positional Trading Models: Our positional models, while flashing early bearish signs, indicate no trading plans for today.
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.
Aggressive, Intraday Trading Plans for MON. 05/01:
For today, our aggressive intraday models indicate going long on a break above 4177, 4153, or 4137 with an 8-point trailing stop, and going short on a break below 4170, 4148, or 4133 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4159, and explicit short exits on a break above 4164. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:41 am 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, #stocks, #futures, #inflation, #recession, #bigtech, #earnings
SPX MODEL TRADING PLANS for THU. 04/27Big Tech Earnings to Trump Economic Slowdown Concerns?
Yesterday evening's strong earnings from Meta seems to be adding to the tone of impressive earnings from Microsoft, Google, McDonalds, and Chipotle that all seem to demonstrate that major firms have pricing power to absorb the inflationary pressures. Continued big tech earnings momentum into the next week, peaking with Apple's earnings next Thursday, might try to buoy the markets into the next few days. It remains to be seen how sustainable this push up would prove to be.
Our models show no bullish trend in sight for these markets, at least for now. Bears need to be cautious against taking on any shorts prematurely.
Positional Trading Models: Our positional models, while flashing early bearish signs, indicate no trading plans for today.
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. 04/27:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4115, 4108, 4100, or 4085 with an 8-point trailing stop, and going short on a break below 4104, 4096, or 4088 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4111. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 1:01 pm 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, #stocks, #futures, #inflation, #recession, #bigtech, #earnings
Who's playing the Micro's?CME_MINI:MESM2023
Nice move today on the S&P today.
Dollar heads higher with FOCM and questionable earnings reports weighing heavily this week.
SP500 H4 Action Areas For THe Trading Week AheadIn this update we review the recent price action in the emini #SP500 futures contract and identify the next high probability trading opportunities and price objectives to target
SPX Model Trading Plans for FRI. 04/21Markets Struggling to Gain Some Traction - Day 2
Despite the initial downward momentum post-PMI release this morning, markets still seem stuck in the tug-of-war between the "Inflation peaked" optimism and the "recession onset" concerns, and the earnings season so far has failed to give either the bulls or the bears any real traction. Whether the earnings next week will help the markets gain momentum in either direction remains to be seen. Our positional models continue to be in an indeterminate state until further notice.
Positional Trading Models: Our positional models indicate no trading plans until otherwise published.
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. 04/21:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4150, 4134, or 4123 with an 8-point trailing stop, and going short on a break below 4146, 4129, or 4120 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 11:01 am 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, #stocks, #futures, #inflation, #recession
SPX Model Trading Plans for THU. 04/20Markets Struggling to Gain Some Traction
Markets seem stuck in the tug-of-war between the "Inflation peaked" optimism and the "recession onset" concerns, and the earnings season so far has failed to give either the bulls or the bears any real traction. Whether the earnings ahead will help the markets gain momentum in either direction remains to be seen. Our positional models continue to be in an indeterminate state until further notice.
Positional Trading Models: Our positional models indicate no trading plans until otherwise published.
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. 04/20:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4134 with a 12-point trailing stop, and going short on a break below 4128 or 4120 with a 9-point trailing stop.
Models indicate long exit on a break below 4143. 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, #stocks, #futures, #inflation, #recession
SP500 H1 To Test 4150 Pivotal Support To Target 4200 In this update we review the recent price action in the emini #SP500 futures contract and identify the next high probability trading opportunity and price objectives to target
SPX Model Trading Plans for TUE. 04/18"Inflation Peaked" Relief v/s "Recession Onset" Concern
With the CPI and FOMC minutes almost confirming the cooling off of the inflation and potential "mild" recession, markets are on-and-off with the sense of relief for a day and with the sense of concern another day. The imminent earnings season should help decide which way the sentiment would settle towards. Early earnings releases so far seem to lead to no clear directional bias, yet.
Positional Trading Models: Our positional models indicate no trading plans until otherwise published.
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. 04/18:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4168, 4152, 4134, 4124, or 4107 with a 9-point trailing stop, and going short on a break below 4143, 4130, 4119, or 4103 with a 9-point trailing stop.
Models indicate explicit long exit on a break below 4164. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:01am 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, #stocks, #futures, #inflation, #recession
SPX Model Trading Plans for THU. 04/13"Inflation Peaked" Relief v/s "Recession Onset" Concern
With the CPI and FOMC minutes almost confirming the cooling off of the inflation and potential "mild" recession, markets are on-and-off with the sense of relief for a day and with the sense of concern another day. The imminent earnings season should help decide which way the sentiment would settle towards. Until the earnings releases start flowing in earnest, choppy, directionless trading is to be expected.
Positional Trading Models: Our positional models indicate no trading plans until otherwise published.
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. 04/13:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4141, 4121, 4102, 4087, or 4076 with a 9-point trailing stop, and going short on a break below 4138, 4114, 4099, 4084, or 4070 with a 9-point trailing stop.
Models indicate no explicit exits for the day. 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, #stocks, #futures, #inflation, #recession
SPX Model Trading Plans for TUE. 04/11Exuberant Pumping-up to Settle Back Into Reality? Day 7
In our trading plans published Tue. 04/04, we wrote: "With the quarter-end window dressing, and the new month beginning related artificial/seasonal boost to the markets behind us, the reality of the economy, inflation, and the interest rates soon to be driving the markets again. Whether it would be glass-half-full or glass-half-empty camp that leads remains to be seen. Our models indicate initial pressure to the downside.".
We re-iterate the same view today, and until we change it.
Positional Trading Models: Our positional models indicate no trading plans until otherwise published.
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. 04/11:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4141, 4121, 4112, 4102, 4087, or 4076 with a 9-point trailing stop, and going short on a break below 4138, 4118, 4099, 4084, or 4070 with a 9-point trailing stop.
Models indicate explicit long exit on a break below 4108, and no explicit short 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 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, #stocks, #futures, #inflation, #recession
SP500 H4 Action Areas For THe Trading Week AheadIn this update we review the recent price action in the emini #SP500 futures contract and identify some key action areas for the trading week ahead
SPX Model Trading Plans for MON. 04/10Exuberant Pumping-up to Settle Back Into Reality? Day 6
In our trading plans published yesterday, Tue. 04/04, we wrote: "With the quarter-end window dressing, and the new month beginning related artificial/seasonal boost to the markets behind us, the reality of the economy, inflation, and the interest rates soon to be driving the markets again. Whether it would be glass-half-full or glass-half-empty camp that leads remains to be seen. Our models indicate initial pressure to the downside.".
We re-iterate the same view today, and until we change it.
Positional Trading Models: Our positional models indicate no trading plans until otherwise published.
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. 04/10:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4141, 4116, 4087, or 4077 with a 9-point trailing stop, and going short on a break below 4138, 4099, 4084, or 4072 with a 9-point trailing stop.
Models indicate explicit long exit on a break below 4109, and explicit short exit on a break above 4093 or 4053. 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 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, #stocks, #futures, #inflation, #recession
SPX Model Trading Plans for WED. 04/05Exuberant Pumping-up to Settle Back Into Reality? Day 2
In our trading plans published yesterday, Tue. 04/04, we wrote: "With the quarter-end window dressing, and the new month beginning related artificial/seasonal boost to the markets behind us, the reality of the economy, inflation, and the interest rates soon to be driving the markets again. Whether it would be glass-half-full or glass-half-empty camp that leads remains to be seen. Our models indicate initial pressure to the downside.".
We re-iterate the same view today, and until we change it.
Positional Trading Models: As per our trading plans published yesterday, Tue. 04/04: "Our positional models are indicating early signs of bearishness, and are monitoring for a potential short signal". For today, our positional models indicate going short on a break below 4085 with a hard stop at 4116, and a trailing stop of 30 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. 04/05:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4113, 4104, 4068, or 4052 with a 9-point trailing stop, and going short on a break below 4110, 4097, 4063, or 4049 with a 9-point trailing stop.
Models indicate explicit long exit on a break below 4147, and explicit short exit on a break above 4094 or 4066. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:10am 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, #economy, #interestrates
