S&P 500 INDEX MODEL TRADING PLANS for MON. 12/18

As we published on Friday, 12/15: “Whether the markets will continue on this rally or the “buy the rumor, sell the news” will entail will depend on how the market closes today and on Monday, 12/18″. The FOMC rate decision and the accompanying statement all but made it clear that the Fed is affirming the market sentiment that they were done raising interest rates, and the dot-plot signaled that the rate cuts are on the horizon. This confirms the sentiment behind the November rally which rolled into a 7-week rally heading into its 8th week.

While a consolidation is likely probable, our models indicate no immediate threat of a bearish leg as long as the index is above 4680 on a daily close basis.

Aggressive, Intraday Trading Plans:

For today, our aggressive intraday models indicate going long on a break above 4801, 4742, 4725, 4712, or 4703 with no trailing stop, and going short on a break below 4797. Due to the illiquid season of the year, our aggressive, intraday models are converging into our positional models, and indicate any position opened today to be held overnight and into following session(s) until further indications to exit are published. 

Models indicate taking these signals from 10:31am EST.

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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