Results of Tuesday’s Best S&P Turning Points: The suggested short @ 3951.50 didn’t trigger during the day, but did during the Globex, creating the high of the session and a 9.25-point opportunity… so far.
Today’s Best S&P Turning Points (consider wider stops and less size in fast moving markets):
Buy 3921.50 stop 3915.75. Short 3966.00 stop 3975.00 (wide, scale in and/or size down if need be).
The World Sentiment Index: (+100/-100) JUMPS from -21 to +43 with most major world markets mildly Bullish with low volatility. Historically the close was higher than the open 46% of the time.
Catalysts: EIA Petroleum Status Report @ 10:30. Waiting on CPI data tomorrow.
Quick Tip: Before Bedtime
The volume levels shared in this blog are left on the price charts until they’re violated. With so many of the levels not filling during the day session, you should be saving the levels and looking for opportunities to reverse or breakout subsequently.
As noted, yesterday’s short didn’t trigger until 5:00 AM ET this morning. Placing a set/forget order before bedtime would have caught this trade.
There are usually many more important volume-at-price levels that are not shared in this blog. For those who can’t attend our live trading room every market morning, you can still access all the multiple-strategy courses, software tools, S&P levels, daily trade plans, and recordings of the live sessions. Enroll here by Friday the 13th for a sweet discount guaranteed for life. You’ll also have access to our Wednesday night Group Coaching sessions to get your questions answered and collaborate with our trading team.
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