The Daily Market Forecast... Sweet Dreams

Monday’s Results: The buy at 3779.50 stopped out for a 4.25-point loss (per contract).

Quick Tip: Sweet Dreams

The futures market opens at 6:00 PM ET. It’s called the Globex session and it is easier money than the day session. Why? The participants are different. Day session volume brings out all the large lot and algo traders and that creates a noisy effect on price action.

If you’re thinking “I don’t have the time to analyze the market and KNOW where to place those Globex trades” then you’re in luck. We provide our members a complete trading plan for the Globex session every market day around 5:15 PM ET, that’s 45 minutes before the open.

The chart above shows the trade plan levels for last night’s Globex. Five trades, three winners. Decent moves. Join me on Sunday, June 19 @ 5PM ET for my new FREE mini-class “Day Trading for Day Workers.” Click here to register.

Today’s Best S&P Turning Points: 

Sell 3828.00 stop 3832.75.

Buy 3713.75 stop 3708.00.

Trade Fearlessly,

Mike Siewruk