Trading Plans for TUE. 08/22 – Bulls Need a Daily Close Above 4400

S&P 500 INDEX MODEL TRADING PLANS for TUE. 08/22 In our trading plans published Thu. 08/17, we wrote: “The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support”. The index closed below that level on Thursday, and took down multiple support levels since then, and (more…)

Trading Plans for MON. 08/21 – Sideways Between Key Levels

S&P 500 INDEX MODEL TRADING PLANS for MON. 08/21 In our trading plans published Thu. 08/17, we wrote: “The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support”. The index closed below that level on Thursday, and took down multiple support levels since then, and (more…)

Trading Plans for FRI. 08/18 – Key Support Levels Broken

S&P 500 INDEX MODEL TRADING PLANS for FRI. 08/18 To start the week, our trading plans published on Monday, 08/14, stated: “The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish”. On Wednesday, (more…)

Trading Plans for THU. 08/17 – Key Support Level Being Tested

S&P 500 INDEX MODEL TRADING PLANS for THU. 08/17 Our trading plans published on Monday, 08/14, stated: “The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish”. Yesterday, this level was breached. We (more…)

Trading Plans for WED. 08/16: FOMC Meeting Minutes – Still Relevant to Push the Markets Up?

S&P 500 INDEX MODEL TRADING PLANS for WED. 08/16 Our trading plans published on Monday, 08/14, stated: “The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish”. This support level is tested on (more…)

Trading Plans for TUE. 08/15: Back to the Basics, and the Reality?

S&P 500 INDEX MODEL TRADING PLANS for TUE. 08/15 Our trading plans published yesterday stated: “The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish”. This support level is tested on the index (more…)