Reiteration of our models’ trading plans for today, THU 06/14:
The gist of the trading plans for today. For full details, click here for the outlook/forecast published last night.
Note that the levels mentioned in these reports refer to the S&P 500 Index levels. An investor/trader may trade their choice of instrument tied to the index (e.g, e-mini S&P 500 Index futures ESU8, or the ETF SPY, or the related CFDs which may be available only to non-US traders/investors)
Medium-term Models:
The models indicate no short bias until at least a daily close below 2740 (slightly bearish) or below 2735 (outright bearish). Models indicate staying flat (no positions) between 2760-35.
Intraday, Aggressive Models:
“For Thursday, the models indicate trading from the long side while above 2790 and from the short side while below 2770 and staying flat between that range.”