Trade Aptitude

 Results of Monday’s Best S&P Futures Turning Points: The short @ 4388.00 held as the high of the session but only retraced for a few points of gain by the close. 

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

Buy 4357.50 stop 4353.25. Short 4445.00 stop 4450.75. 

The World Sentiment Index: (+100/-100) lifts from +36 to +43 with all major world markets neutral or mildly bullish on low volatility. 

Catalysts: CPI @ 8:30. Oracle beats giving Tech a modest boost. 

Quick Tip: Quick Tip: Reframing

Yesterday’s short was a solid winner. It just didn’t pay out much. This is how you can re-frame your thinking when a trade fails or in this case, offers a small win. 

Look at the positives. You didn’t lose. You followed your rules with discipline. Your rules were pretty darn good finding a reversal level that hasn’t been touched since April 22, 2022. That’s a lot to be positive about!

Of course, the better use of this reversal level was as an exit if you were riding the trend up. In our trading room we have multiple strategies and find great value in using opposing entries for exits. 

If you’re curious about how Team Trading works and why it’s so productive, reserve a seat in our FOMC Live Trading session on Wednesday June 14th @ 2PM ET. No disappointments!

Trade Fearlessly,

Mike Siewruk