INTRADAY ALERT – THU 06/21 – MODEL POSITION & KEY LEVEL
MODEL POSITIONS
Our forecast for Thursday, published Wednesday night, stated: “For Thursday, the aggressive/intraday models indicate trading from the long side (buy) while the index is above 2775, and from the short side (sell) while below 2760.” (click here to read the full report)
Intraday Shorterm/Aggressive models sold into the break below of 2760 and are now sitting on TEN POINT profits on the S&P 500 Index (our models use the e-mini ES, but traders can adapt the trade to any other instrument which tracks the index, such as the ETF SPY or CFDs or other correlated assets such as VX, JPY or EUR etc)!
Models now have a 5-point trailing stop on the open short position, to lock in at least a 5-point profit or more.
NOTE that Medium-term models are currently FLAT (no positions) and will remain so until the index breaks above 2782 or below 2740.