Results of Tuesday’s Best S&P Futures Turning Points: Choppy narrow price “in-action”, nothing triggered.
Today’s Best S&P Futures Turning Points (consider wider stops and less size in fast moving markets):
Buy 4118.25 stop 4115.25. Short 4154.50 stop 4157.75.
The World Sentiment Index: (+100/-100) dips from +14 to -7 in a world of mixed sentiment and low volatility.
Catalysts: Housing Starts @ 8:30. Crude Oil Inventories @ 10:30. Debt ceiling updates.
Quick Tip: Slow Days
Yesterday was slow. So slow that even a multi-strategy approach like ours found it tough to get an entry.
You’d expect credit spreads on the SPXW would be ideal candidates for the expected range-bound day. Rules of entry vary but for us we never triggered the Bear Call side of the Condor.
Just keep in mind that you don’t have to trade. You’d like to, but you’re better off waiting for the right setup and market conditions. Let the good entries come to you. Don’t force your trading.
You can still be productive by doing a deep review of your results. Consider this quote from Winston Churchill, "However beautiful the strategy, you should occasionally look at the results."
Our team day-trades multiple strategies with edge. We review results every day to stay in harmony with current conditions. Join us, learn the strategies, and trade live with us daily for 30 days. Money back if you’re not blown away!
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