Trade Aptitude

Results of Monday’s Best S&P Futures Turning Points: Neither suggested trade triggered and both levels remain on the chart for today.

Today’s Best S&P Futures Turning Points (consider wider stops and less size in fast moving markets): 

Buy 4485.75 stop 4482.00. Short 4543.75 stop 4548.25.

The World Sentiment Index: (+100/-100) falls from -14 to -57 with most major world markets Bearish on rising volatility.  

Catalysts: Nothing on the economic calendar. China’s economy disappoints. Waiting on CPI.

Quick Tip: Get Another Strategy

For the past two days neither of the best volumes levels offered here triggered a trade. Patience is required for sure. 

The alternative is to trade more than one strategy. The key is to find a strategy that is complementary, not competitive with the others in your trade plan. 

Two popular styles to combine are breakout/reversal and trend following. Price is always in one of the two conditions: range-bound or trending. With practice you’ll hone your skill in choosing which to employ.

Tired of trading alone? Join our team. Learn multiple strategies with edge and collaborate with some great traders. Click here for details. 

Trade Fearlessly,

Mike Siewruk