The Daily Market Forecast
Friday’s Best S&P Turning Points Results: The suggested short @ 4104.50 filled a bit late… like right after the Globex session opened last night, running for 24.25 points.
Quick Tip: Sweet Dreams
The futures market opens at 6:00 PM ET. It’s called the Globex session, and it is usually easier money than the day session.
Why? The participants are different. Day session volume brings out all the large lot and algo traders and that creates a noisy effect on price action.
If you’re thinking “I don’t have the time to analyze the market and KNOW where to place those Globex trades” then you’re in luck. We provide our members a complete trading plan for the Globex session every market day around 5:15 PM ET, 45 minutes before the open. The day session plan arrives at 8:00 AM ET. Click the link below for details.
The World Sentiment Index: (+100/-100) inches up from +86 to +90 in a very BULLISH world. Historically the market has closed higher from the open 63% of the time.
Catalysts: Nothing major on the economic calendar today. Waiting on CPI tomorrow with bullish anticipation that inflation has peaked.
Today’s Best S&P Turning Points (consider wider stops and less size in fast moving markets):
Buy 4069.50 stop 4065.25.
Short 4133.50 stop 4138.25
Trade Fearlessly,
Mike Siewruk
P.S. Multiple strategies, software tools, teammates, and coaching. Learn why you should join our team here. For a personal consultation to assess fit (without selling) email me for an appointment: mike@thedailymarketforecast.