S&P 500 INDEX MODEL TRADING PLANS for WED. 12/21

Next Support Level – Confirmed In our trading plans published on Monday, 12/19, we stated: “…the index is now testing the next key support level around the 3825-3835 range. Our models are indicating a range-bound trading while the index is trading within the broader 3810-3830 range on a daily close basis. If you are short, (more…)

S&P 500 INDEX MODEL TRADING PLANS for MON. 12/19

Next Support Level Being Tested The key support level identified in our trading plans published on Wed., 12/07 – and, reiterated on Thu., 12/15 – at 3900-3910 has been decisively broken down, and the index is now testing the next key support level around the 3825-3835 range. Our models are indicating a range-bound trading while (more…)

S&P 500 INDEX MODEL TRADING PLANS for THU. 12/15

Bull Trap from Last Week Re-testing Key Support In our last trading plans published on Wed., 12/07, we wrote: “Last two sessions turned the recent spike up into a bull trap. However, our models are indicating that the index is likely to find some support around the 3910-3915 range. Longs might want to wait to (more…)

S&P 500 INDEX MODEL TRADING PLANS for WED. 12/07

Fed Pivot Hope Turned Into a Bull Trap; Approaching Support In our trading plans published post-NFP on Fri., 12/02, we wrote: “After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning’s Non Farm Payrolls data could be (more…)

S&P 500 INDEX MODEL TRADING PLANS for TUE. 12/06

Fed Pivot Hope Turning Into a Bull Trap Nightmare? Day 3 In our trading plans published post-NFP on Fri., 12/02, we wrote: “After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning’s Non Farm Payrolls data could (more…)

S&P 500 INDEX MODEL TRADING PLANS for MON. 12/05

Fed Pivot Hope Turning Into a Bull Trap Nightmare? Day 2 In our trading plans published post-NFP on Fri., 12/02, we wrote: “After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning’s Non Farm Payrolls data could (more…)

S&P 500 MODEL TRADING PLANS for FRI. 12/02

Fed Pivot Hope Turning Into a Bull Trap Nightmare? After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning’s Non Farm Payrolls data could be suggesting that it could potentially be an “irrational exuberance”, and the futures’ (more…)

S&P 500 MODEL TRADING PLANS for TUE. 11/29

Fed Pivot, Short Squeeze, or Bull Trap? Day 19 Based on the overnight futures markets’ moves by 9:25am on Thursday, 11/10, we published our trading plans that stated: “Our models indicate not chasing this market to the long side, and not staying short either. Hence, we will be sitting out the market today”. Our models (more…)

S&P 500 INDEX MODEL TRADING PLANS for MON. 11/21

Fed Pivot, Short Squeeze, or Bull Trap? Day 10 Based on the overnight futures markets’ moves by 9:25am on Thursday, 11/10, we published our last trading plans that stated: “Our models indicate not chasing this market to the long side, and not staying short either. Hence, we will be sitting out the market today”. Our (more…)

S&P 500 INDEX MODEL TRADING PLANS for THU. 11/10

Fed Pivot Potential or Short Squeeze? This morning’s softer-than-expected CPI numbers triggered an intense upswing in the futures and a downswing in the yields, especially in the shorter end making the yield curve’s inversion a little less steeper. Could this be indicative of the potential for the much-anticipated “Fed pivot” in the near future or (more…)