Consolidation Ahead? Day 6

Unless the index closes above 4120 today, our models indicate continued choppy trading until some unexpectedly positive macro development shows up. If the index closes above 4120 today, then we expect the choppy consolidation to be complete and a probable onset of another bullish leg, pending further confirmation.

Positional Trading Models: Our positional models are flat for now. Models indicate going short on a daily close below 4100, with a take-profit on a cross above 4065, and a trailing stop of 33 points. Models also indicate going long on a daily close above 4150 with a trailing stop of 35 points.

By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops – if any – being active in the overnight session.

Intraday/Aggressive Models: Our aggressive, intraday models indicate NO trading plans for today.

Trading Plans for MON. 02/13:

Aggressive Intraday Models: NO Trading Plans indicated for today. 

By definition the intraday models do not hold any positions overnight – the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform’s bar timing convention).

To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) – depending on your risk tolerance and trading style – to determine the signals.

(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please click here to see for yourself how our pre-published model trades have performed so far! Seeing is believing!) 

NOTES – HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker’s execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance – USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.

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