Trade Aptitude

Results of Monday’s Best S&P Futures Turning Points: Neither trade triggered. 

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

Buy 4164.25 stop 4159.50. Short 4225.50 stop 4230.75.

The World Index: (+100/-100) eases from +29 to +14 with China/HK struggling and the remaining major markets Bullish. 

Catalysts: Employment Cost Index @ 8:30. Home Price Index @ 9:00. Chicago PMI @ 9:45. Consumer Confidence @ 10:00. Waiting for FOMC tomorrow.   

Quick Tip: Sweet Dreams 

The futures market opens at 6:00 PM ET. It’s called the Globex session, and it is usually 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 nosier 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 with 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 some of the trade plan levels for last night’s Globex. Shorting the “hidden” volume level at 4184.75 offered 18 points, entered at 6:45 PM ET. 

Start trading the Globex! Join our team. You can learn multiple strategies tuned for different market conditions and trade live with us for 30 days. New reduced price offer. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk

P.S. Feel free to share this newsletter with your trading buddies.