INTRADAY ALERT – THU – S&P 500 TESTED KEY LEVELS
As per the trading plans published last night for Thursday’s markets:
Both of our medium-term and short-term/intraday models are currently flat (no positions) and are monitoring for potential break below 2690. The S&P 500 Futures market has tested this level by printing the overnight session low at 2693.25 (roughly equivalent to 2691.50) before reaching back above 2700 (as of 9:30am EDT).
Followers of our models should show patience while the market flirts with the key levels of 2690 on the down side and 2715 on the upside, and caution should be exercised to not get caught up in the whipsaws between these levels.
The range of 2695-2705 could attract the most action, but 2690-2715 should be used to initiate any new positions in either direction. Click here for the full forecast and trading plans for Thursday.
Happy & Safe Trading!