Results of Friday’s Best S&P Futures Turning Points: Neither trade suggestion triggered.
Today’s Best S&P Futures Turning Points (consider wider stops and less size in fast moving markets):
Buy 4182.00 stop 4178.75. Short 4229.75 stop 4233.50.
The World Sentiment Index: (+100/-100) remains at +14 with Asia Bullish and the west modestly Bearish.
Catalysts: Nothing on the economic calendar. Updates on the debt ceiling negotiations can come at any time and cause high volatility. Stay focused.
Quick Tip: Leading Indicator
Everyone wants to find the best “Leading Indicator.” One that alerts you before price action changes. While nothing works all the time in this business there are methods to gain an edge.
If you’re a swing or position trader of stocks or options, I’ve found hard evidence that there is a Leading Indicator that has a significant edge. I’ll be demonstrating the technique on Thursday and invite you to attend.
P.S. We're limited to 100 traders in each session. Save your seat now!