The Daily Market Forecast
Friday’s Best S&P Turning Points Results: No suggestions were given for Volume Profile with the expected (and arrived) volatility. Trend was the BIG winner from our multi-strat trading room.
The World Sentiment Index: (+100/-100) PLUMMETS from -7 to -79 with all major world markets bearish with spiking volatility. Expecting a wide range day with more downside trading than upside: This index at -79 historically moves -40 points average from open to low, +31 points average from open to high.
Catalysts: Nothing on the economic calendar. Powell confirmed the latest up move as a bear market rally. Worldwide we’re heading down.
Today’s Best S&P Turning Points (in fast moving markets consider a wider stop and less size):
Sell 4049.75 stop 4055.25.
Buy 3982.00 stop 3976.25.
Trade Fearlessly,
Mike Siewruk
P.S. Multiple strategies, software tools, teammates, and coaching. Learn why you should join our team here. For a personal consultation to assess fit (without selling) email me for an appointment: mike@thedailymarketforecast.