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Trading Plans for FRI. 09/29 - Rebounding to Key Level?S&P 500 INDEX MODEL TRADING PLANS for FRI. 09/29 Since our published trading plans last week pointing out that week's 4505 level as potential top for the near term, the market has been in a free fall mode. Our models indicate 4340 as the level to close above for the current bearish bias to be negated. This morning, the index is attempting to test the 4340 level. If the daily close is going to be above 4340, then our models will negate the bearish bias and initiate a mildly bullish bias for Monday. The "higher for longer" monetary policy is yet to begin showing its impact on business earnings, and it could take one to two quarters more for us to see the earnings impact - and, hence the analyst forward estimates - which could have some more impact on the market multiples in the short-to-medium term. But, the near term bias will be determined by today's daily close as specified above. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4330, 4321, 4303, 4296, or 4276 with a 9-point trailing stop, and going short on a break below 4327, 4316, 4292, or 4273 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4300, and explicit short exits on a break above 4286. 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, #softlanding, #higher4longer, #higherforlonger
SP:SPX
by TradersAIDotCom
SP500 Is At First Major SupportSP500 is at first major support based on several evidences from technical point of view and from Elliott wave perspective. SP500 is making nice and clean A-B-C correction as we have been warning about in past updates. Below are some of the important key points for a potential bounce on stocks in next few weeks. End of Q3 Normally end of the quarter are important flows, because the portfolio adjustments, so ti can impact the trends, and causes a change in cycles Seasonal Chart Of SP500 Is Bullish For Octobe Historically speaking, September is not good month for stocks, but October is. So, can we see a bounce on stocks? Trendline Support As long as trendline holds, trend is up! June GAP Fill. When gap is filled, flows will change because some unfilled orders got exacetued int hat price, so the market can change a direction after fill. A-B-C correction Thats a bullish pattern, because it represents a correction within uptrend. Its a pause that can send price higher PUT/CALL Put call ratio represents a sentiment; if a lot of puts are being bought then investors are affradi of falling prices, so they want to hedge their portfolio. But if puts are moving into extremes, like over-corded reaction, then be aware of the opposite, because market moves in cylces.
CME_MINI:ES1!Long
by ew-forecast
2
Up early Friday, well off highs at endNow that Minor wave 3 has likely ended (62 hours later), the index is well into Minor wave 4 up. We could even be nearing the end of Minute wave A. Historical data indicates Minor wave 4 could last 21-36 hours with a final top around 4350-4387. It is possible the index is already in Minuette wave 5 of Minute wave A inside of this Minor wave 4. Looks like Minuette wave 5 will last about 4 hours max and the first hour has already ended with Thursday's close. Strong model agreement of the top around 4340-4348 within the first few hours of trading on Friday. This could be achieved with a probable gap up to open, but all gains will likely be given back over the rest of the day and early hours on Monday. The final top for Minor 4 will likely be achieved next week. More analysis, data, and levels will be available by the weekend once Minute wave A has truly ended. More great insight and datastreams to come.
SP:SPX
by StockSignaler
2
Trading Plans for THU. 09/28 - Falling Knife Hit the Floor, Yet?S&P 500 INDEX MODEL TRADING PLANS for THU. 09/28 Since our published trading plans last week pointing out that week's 4505 level as potential top for the near term, the market has been in a free fall mode. Our models indicate 4340 as the level to close above for the current bearish bias to be negated. Until the 4300 handle is regained, there is no indication of any let up in the downside pressure. If the downward pressure continues, our models indicate 4200-4210 area as the near-term support. The "higher for longer" monetary policy is yet to begin showing its impact on business earnings, and it could take one to two quarters more for us to see the earnings impact - and, hence the analyst forward estimates - which could have some more impact on the market multiples in the short-to-medium term. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4303, 4291, 4252, or 4238 with a 9-point trailing stop, and going short on a break below 4287, 4247, or 4234 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4300 or 4266, and explicit short exits on a break above 4270. 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, #softlanding, #higher4longer, #higherforlonger
SP:SPX
by TradersAIDotCom
If the S&P500 is to bounce, surely it should be today?We all know that global indices have been under pressure whilst the US dollar and bond yields scream higher. But with the S&P 500 respecting key levels of support and forming a bullish hammer on Wednesday, perhaps it is time for at least a sympathy bounce? Furthermore, the hammer low perfectly respected trend support and closed above the 200-day EMA, with a bullish RSI (2) that curled higher from oversold and the RSI (14) is itself nearing oversold. We're not looking for a strong risk-on rally, but a small bounce (perhaps towards the August lows of 4400 gap resistance level) may not be such a crazy idea. At which point we could seek evidence of a swing high and a potential break of trend support. Naturally, an immediate break of yesterday's low would also invalidate trend support and likely signal its next let lower.
TVC:SPXLong
by CityIndex
SPY close analysis 9/26/2023Unfortunately, yesterday led to continued downside. Oscillator is crossing back down and threatening its headed into oversold territory. We now have multiple gaps above acting as resistance. I think we'll see a "breakdown zone" retest (430-436) but at this point the 200 day EMA and the old draw on liquidity is closer and thus much more likely to happen first. In short: Rallies are to be faded Approach pumps as scalps (day trade only Bulls need a gap up or some other supportive action in order to have a sign of strength
AMEX:SPYShort
by upslidedown
1
Trading Plans for WED. 09/27 - Falling Knife...Where's the FloorS&P 500 INDEX MODEL TRADING PLANS for WED. 09/27 Since our published trading plans last week pointing out that week's 4505 level as potential top for the near term, the market has been in a free fall mode. Our models indicate 4340 as the level to close above for the current bearish bias to be negated. Until the 4300 handle is regained, there is no indication of any let up in the downside pressure. If the downward pressure continues, our models indicate 4200-4210 area as the near-term support. The "higher for longer" monetary policy is yet to begin showing its impact on business earnings, and it could take one to two quarters more for us to see the earnings impact - and, hence the analyst forward estimates - which could have some more impact on the market multiples in the short-to-medium term. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4313, 4304, 4287, 4269, or 4240 with a 9-point trailing stop, and going short on a break below 4283, 4265, 4254, or 4238 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4310 or 4301, and explicit short exits on a break above 4257. 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 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, #softlanding, #higher4longer, #higherforlonger
SP:SPX
by TradersAIDotCom
Weekly Update: Why is the Street Asleep at the Wheel?Post 2009 Financial Crisis, they made movies about the housing and economic downturn. Here’s the thing, there are over 10M financial advisors, money managers, hedge fund managers, and fundamental and technical analysts in the industry. This doesn’t include the geniuses in the Financial News business. However, why did only a hand full of that total population (less than a dozen) see the SPX dropping 60% from 1587 to 666 in a matter of 5 months? Did you watch the movies? Because the reason was on average, housing has always been a 3-5% asset yielding per year over the long term. There was no way the housing market was going to crash. 10M smart people and only a dozen got it right? What does that say about the other 9.999M smart people in the industry? No, I’m not writing about how I am smarter than 10M professionals in the industry, but you have to admit, by and large, EVERYONE IN THE INDUSTRY got it wrong. It's easy to manage money when the market just goes up for 100 years...what about when that is no longer the case. During the very long cycle paradigm shifts, the old norms no longer apply. In my opinion, they’re cranking up the ignorant train once again. I’ll attempt to over simply this. INTEREST RATE REVERSION TO THE MEAN Most market participants are not used to interest rates at 10%...I on the other hand, used to think 10% was competitive. But long-term cycles being what they're are, their purpose is to clean the slate, re-educate participants, get rid of the old and welcome the new, all while reverting back to an equilibrium or a cycle norm. I'm curious when the street will stop discussing soft landing, no landing, higher for longer, etc. Start concerning themselves with how our economy looks and functions next year, the year after that, and 5 years from now in a long-term rising interest rate environment. I have a feeling the 10M in the financial services industry will shrink, and those smart people, will have get a lot smarter to survive.
SP:SPXShort
by maikisch
SPY close analysis 9/25/2023Rate news last week really destroyed this index. SPY has a lot of work to do in order to go higher. For the time being I remain cautiously optimistic and think we pause and seek higher liquidity. Oscillator looks to be bottoming but there's no strong confluence of support in this 430 zone. The "strong support" zone is going to be around 422 where the 200 day ema rests as well. Caution advised here because overall market structure has turned bearish. Seems likely that any rally that fills gaps is a high opportunity short trade.
AMEX:SPY
by upslidedown
Trading Plans for MON. 09/25 - Market Bull Exhausted?S&P 500 INDEX MODEL TRADING PLANS for MON. 09/25 As our daily trading plans reinforced before the FOMC meeting stated: "...any indications of the Fed potentially pivoting to "being done" can spark a frenzied rally in the coming weeks but any unexpectedly hawkish indications could further accelerate the downward push. Nobody has the crystal ball that can tell which way this could go until after the FOMC meeting". The unexpectedly hawkish Fed stance drove the markets down and continuing to push it lower. Our published trading plans on Friday, 09/15 stated: "Models continue to indicate that the index has to close above 4507 on a daily close basis to flip to a bullish bias. Between 4460 and 4507, models indicate an indeterminate bias". This week's 4505 level could be the top for the near term. A daily close above 4404 is needed for our models to turn bullish again. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4354, 4332, 4324, 4315, or 4304 with a 9-point trailing stop, and going short on a break below 4350, 4329, 4321, or 4302 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4313. 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 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, #softlanding, #FOMC
SP:SPX
by TradersAIDotCom
SP500 Futures new Supply Zone (?)Hello trading community! The ES Futures seems to be Bearish, and we can watch in this chart 3 Higher Lows created. A strong support that was tested three times has already been crossed and tested to create a new possible resistance. The Dollar continue to show strength, the DXY is again testing the resistance, and we believe this time will be a strong long signal. Also, after analyzing the SPX timeframe 4Hours, is possible to observe the Supply area that has already been tested and originated the three HL. SPX is entering in an area that was resistance some months ago. To conclude, we believe ES Futures contracts will test again the area of the new resistance 4401.25, and will change the direction to a short position
CME_MINI:ESZ2023Short
by AFCapital21
S&P500 (SPX) -> Buy The DipMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on S&P500. After perfectly retesting the 50% fibonacci retracement level in confluence with previous structure this recent rally of more than 25% was quite expected. After this agressive rally I do expect some short term weakness and the S&P500 to retest its long term uptrendline before I think that we could see another push higher. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
SP:SPXLong
by basictradingtv
44
Trading Plans for THU. 09/21 - Market Bull Goldilocks No MoreS&P 500 INDEX MODEL TRADING PLANS for THU. 09/21 As our daily trading plans reinforced before the FOMC meeting yesterday: "...any indications of the Fed potentially pivoting to "being done" can spark a frenzied rally in the coming weeks but any unexpectedly hawkish indications could further accelerate the downward push. Nobody has the crystal ball that can tell which way this could go until after the FOMC meeting". The unexpectedly hawkish Fed stance drove the markets down and continuing to push it lower this morning. Our published trading plans on Friday, 09/15 stated: "Models continue to indicate that the index has to close above 4507 on a daily close basis to flip to a bullish bias. Between 4460 and 4507, models indicate an indeterminate bias". With the index closing just below the lower end of this range (at 4450.32), these levels are still broadly applicable for this week. This week's 4505 level could be the top for the short term, and the 4507 level needs to be broken above for any meaningful bullishness to return to the markets. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4452, 4421, 4403, or 4376 with a 9-point trailing stop, and going short on a break below 4448, 4435, 4416, 4400, or 4367 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4373, and explicit short exits on a break above 4440. 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. (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, #softlanding, #cpi, #ppi, #FOMC
SP:SPX
by TradersAIDotCom
Trading Plans for WED. 09/20 - The Fed Inflation Fight Still On?S&P 500 INDEX MODEL TRADING PLANS for WED. 09/20 While the interest rate decision of the Fed at this week's meeting is a foregone conclusion, it is the semantics of Chair Powell's presser that the markets are going to obsess over. And, for the right reasons, as any indications of the Fed potentially pivoting to "being done" can spark a frenzied rally in the coming weeks but any unexpectedly hawkish indications could further accelerate the downward push. Nobody has the crystal ball that can tell which way this could go until after the FOMC meeting. Our published trading plans on Friday, 09/15 stated: "Models continue to indicate that the index has to close above 4507 on a daily close basis to flip to a bullish bias. Between 4460 and 4507, models indicate an indeterminate bias". These levels are still broadly applicable. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4471, 4463, 4452, 4441, or 4426 with a 9-point trailing stop, and going short on a break below 4420, 4437, 4448, 4460, or 4468 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4434, and explicit short exits on a break above 4433. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 02:01pm 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. (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, #softlanding, #cpi, #ppi, #FOMC
SP:SPX
by TradersAIDotCom
Trading Plans for THU. 09/14 - PPI and Initial Jobless ClaimsS&P 500 INDEX MODEL TRADING PLANS for THU. 09/14 As of the latest trading plans we published yesterday, Wed. 09/13: "Our models indicate bearish bias for positional trades while the index is below 4470 on a daily close basis. The index has to close above 4507 for our models to abandon the bearish bias". Just like the CPI numbers yesterday, the PPI numbers and the Initial Jobless Claims this morning came in a way that leaves room for subjective interpretations of being pro-bulls or pro-bears. The pre-session price action following the PPI and Jobless claims numbers this morning prompted our models to update their bias from bearish to neutral/indeterminate. Models continue to indicate that the index has to close above 4507 on a daily close basis to flip to a bullish bias. Between 4460 and 4507, models indicate a neutral/indeterminate bias. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4487, 4471, or 4450 with a 9-point trailing stop, and going short on a break below 4484, 4467, 4456, or 4448 with a 9-point trailing stop.  Models indicate explicit short exits on a break above 4449. 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. (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, #softlanding, #cpi, #ppi, #initialjoblessclaims, #joblessclaims
SP:SPX
by TradersAIDotCom
Weekly Update: Next Stop 4312.25The rally off the August 18th lows is an overlapping mess that stands a high probability of concluding very soon, if not TODAY. However, yesterday's CPI report market reaction marked a unique opportunity to remind followers, that markets are not linear. You can choose to look at the CPI report positively through a bullish or bearish lense. The reality was the pattern forming prior to the release was overlapping and signaled traders were uncommitted to higher or lower price action. In my trading room we debated the micro pattern the night before and, in the end, we had nothing constructive to the downside, nor the upside. Therefore, it really didn't matter what the report said, we had no micro pattern pointing us down. The upside was well contained within a larger counter trend rally and that was because we had no impulsive pattern up either. I commented in my trading room, "Does anyone still feel markets are moved by news or events"? A hotter than expected CPI discredits the narrative the Fed may be done raising rates. Therefore, one would expect the markets to sell off. But the opposite happened. You can choose to embrace any narrative you would like to explain that sort of price action. You can choose to invest or trade based on your personal perspectives…all of those buys and sells create a pattern. In reality, traders were telling us prior to the release...there was indecision about market direction and therefore we remained mired in this consolidation. But I do think market participants will get the memo shortly. That’s because outside of the micro patterns, the larger patterns are telling us we have a meeting at 4312.25 regardless of your narrative, or perspective. …and attendance is mandatory. See you all at the meeting. Best to all, Chris
CME_MINI:ES1!Short
by maikisch
2