(1) You read it here, in our outlook published last night:
– “Stay flat between 2683 and 2705.” (aggressive, short term traders)
– “Models indicate no short bias until below 2675.” (medium term investors)
So, whether you consider yourself a medium term investor or an aggressive, short term trader, you would NOT have sold short the market today, and hopefully avoided losses on any such short trades!
If so, congratulations on your disciplined trading! If not, and if shorted the market and incurred losses, evaluate what lead to that decision and learn more about your own trading approach and (in)discipline to be able to improve it.
(2) Also, you read it here, in our INTRADAY Alert published around 1130am EDT: “S&P 500 testing the KEY level of 2715 … the index currently at 2714.93 @ 1125am EDT).”
And, if you followed the trading plan published, you would have gone long on the break of 2705 (short term traders) or 2715 (medium term traders/investors) – and would have booked decent profits already OR sitting on decent profits. Either way, congratulations on a plan well executed!
If sitting on an open position, make sure you have a stop to suit your trading style and risk appetite but to protect your profits.
For detailed key levels to plan your next session’s trades, look out for the nightly outlook report to be published later tonight!