For Wed 210825 (Plenty can change by the open, be aware.)

Globex Review: Still range-bound. Price whipsawed the CPL for two losers.

Day Session Analysis: Charts suggest a continued melt-up or range day. Stats are mixed. The highest volume level has been whipsawed in two sessions now (yesterday and Globex last night). Leary of trading Volume Profile today.  Wednesday (both sessions combined) garnered 24% of all the gains over the past 5 years in dollars. Reversals (74%) crush Breakouts (26%). PREFER trading ES/CL/GC using BB Rev with new filters considered and HOPING for credit spread premium on the SPXW. Vacation day, anyone?

S&P 500 Futures CPL: 4481.50/4484.00. We’re trading WITHIN the CPL (short edge below, long edge above) and WITHIN the equilibrium 4482.50/4484 (open below = short edge, open above = long edge).

The World Index: (+100/-100) drops from +36 to +7 in a world of mixed sentiment and very low volatility (no edge).

Catalysts: Durable Goods @ 8:30. EIA Petroleum Statu...

For Tue 210824 (Plenty can change by the open, be aware.)

Globex Review: Trying to melt up again. One takeable trade still open with two targets in the bag.

Day Session Analysis: Charts suggest a continued melt-up or range day. Stats are mixed. Looking to take trades in either direction with good reward/risk.  Tuesday (both sessions combined garnered 20% of all the gains over the past 5 years in dollars. Reversals and Breakouts are about even. Trading ES/CL/GC using BB Rev with new filters considered and looking for good credit spread levels to ladder-in on the SPXW.

S&P 500 Futures CPL: 4478.50/4482.50. We’re trading WITHIN the CPL (short edge below, long edge above) and ABOVE the equilibrium 4466.75/4472.75 (open below = short edge, open above = long edge).

The World Index: (+100/-100) drops from +71 to +36 in a bullish-leaning world of mixed sentiment (short edge).

Catalysts: New Home Sales @ 10:00. Washington is in a mess (infrastructure bill, Afghanistan). Chinese tech stocks...

For Mon 210823 (Plenty can change by the open, be aware.)

Globex Review: Melting on up. One takeable trade still open with two targets in the bag.

Day Session Analysis: Risk ON as world sentiment is very bullish. Looking to take trades in either direction with good reward/risk.  Monday (both sessions combined) garnered 27% of all the gains over the past 5 years in dollars. Reversals and Breakouts are about even. Trading ES/CL/GC using BB Rev with new filters considered and looking for good credit spread levels on the SPXW.

S&P 500 Futures CPL: 4435/4438.25. We’re trading ABOVE the CPL (short edge below, long edge above) and ABOVE the equilibrium 4416.25/4425.75 (open below = short edge, open above = long edge).

The World Index: (+100/-100) registers +71 with all major world markets bullish (short edge).

Catalysts: PMI Composite Flash @ 9:45. Existing Home Sales @ 10:00.

Trends: 60 min UP (starting to range), daily UP (short edge).

Chart: High outside day (long edge). Stat update...

For Thursday 210819 (Plenty can change by the open, be aware.)

Globex Review: Down market, very busy with 8 trades documented, 4 takeable offering 2 winners netting +23 points.

Day Session Analysis: Fed tapering coming soon. All world markets are bearish. Charts say a continuation down (or sell rallies). Stats say BUY the dips. Seems like a perfect environment for BB Rev. Thursday (both sessions combined garnered ONLY 4% of all the gains over the past 5 years in dollars. Breakouts (95%) crush Reversals (5%) but overall gains are very low. Consider not trading Volume Profile. Trading ES/CL/GC using BB Rev with new filters considered and HOLDING OFF on credit spread ladders due to extreme volatility and lack of directional bias.

S&P 500 Futures CPL: 4434/4440. We’re trading BELOW the CPL (short edge below, long edge above) and BELOW the equilibrium 4406.5/4411.50 (open below = short edge, open above = long edge).

The World Index (-100/+100) plummets from +14 to -86 with all major wor...