Results of Frday’s Best S&P Futures Turning Points: Neither level 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 4186.75 stop 4190.50.
The World Sentiment Index: (+100/-100) SOARS from +14 to +64 with all major world markets Bullish.
Catalysts: Empire State MFG Index & Goolsbee on CNBC @ 8:30. Kashkari @ 9:15.
Quick Tip: Anticipation
Plenty of time in trading is spent waiting. Waiting for a setup, waiting for an economic release, waiting for a profit target. Lots of waiting.
Here’s how to make this “downtime” productive: Get proactive. Get in the habit of asking “What if…?” questions. Answer them. In doing so you’ll be making decisions in advance and be able to act on the spot. No wondering, guessing, procrastinating or flat-out missing the trade. You’ve committed with foresight.
Here's a simple example using our intraday trend strategy (the current #1 performer over the past 8 months): Price is slowly moving sideways. We’re waiting for a breakout in either direction to give us a “setup.” The entry comes a bit later, after confirmation.
Now is the time to anticipate, be proactive.
What is my exit plan if it triggers long? Short?
Is one or the other a higher probability trade given current conditions and chart features?
Is there supporting evidence, confluence, from other trading strategies that might kill OR reinforce this signal?
Get started anticipating with a checklist. Once you make it a habit you’ll experience improved results and better self-control
Our team day-trades multiple strategies with edge. It’s always more productive to anticipate with others, rather than talking to yourself! 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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