Results of Wednesday’s Best S&P Futures Turning Points: Buying 4118.25 offered a 16.50-point runner.
Today’s Best S&P Futures Turning Points (consider wider stops and less size in fast moving markets):
Buy 4096.75 stop 4092.00. Short 4192.25 stop 4196.50.
The World Sentiment Index: (+100/-100) jumps from -86 to -21 in a world of mixed sentiment and waning volatility.
Catalysts: GDP & Jobless Claims @ 8:30. Pending Home Sales @ 10:00. Risk on for Tech
Quick Tip: Fast Moves
Everyone loves a fast move in your chosen direction. Study enough price charts and you’ll see a recurring pattern: fast move up, base, fast move down. It happens in reverse as well.
So, after enjoying the quick gain and determining your exit, start planning for the reversal. Sometimes the base is non-existent, like the pivot candle on the chart above. Other times it’s a trading range. Mark up your chart with the expected move to remind yourself.
You’ll be surprised how often you get to enjoy another fast-moving, profitable trade.
Our team day-trades multiple strategies with edge. More trained eyes on the charts means less missed opportunities. Join us, learn the strategies, and trade live with us daily for 30 days. Money back if you’re not blown away!
You'll receive an email shortly to verify your FREE enrollment