One of our traders caught a nice move up off the bottom today. There are 3 parts to the trade. Enjoy.
Part 1
Part 2
Part 3
One of our traders caught a nice move up off the bottom today. There are 3 parts to the trade. Enjoy.
Part 1
Part 2
Part 3
The emini S&P futures have formed an inverted head and shoulders over the past week, and are now sitting at an important level. Last Thursday we were unable to sustain any trade below 1300 once again as we rose back up to around 1318. Now that that we are sitting right at the break out [...]
As we talked about yesterday, the support found and push higher did indeed lead to a new leg up into 1300. This morning the market did test the upper edge of the sideways trade that the s&p futures have been in, only to reverse and accept the higher prices north of 1300. It will be [...]
The e-mini s&p futures bounced off of Friday’s value area around 1279 today, and is now trading in positive territory. This rejection of lower prices could bring a retest of Monday and Tuesday’s highs around 1296. Any break of this level could lead to another leg higher into 1300. We will keep an eye on [...]