S&P 500 INDEX MODEL TRADING PLANS for TUE. 10/17

This week marks the beginning of the peak of Q3 earnings season, and a potential inflection points in the geopolitical risks with signs of potential ground operations to begin by Israel in Gaza. Geopolitical risks, high interest rates, sticky inflation – reiterated by last week’s economic numbers, extremely strong jobs market, early signs of consumers beginning to scale back…yet, retail bullish positioning has increased this week again. Is this Fools rushing in where Angels fear to tread or retail investors having some crystal ball into the future that institutions don’t have access to? Only time can tell.

However, our AI-driven models (published since 2018 – not a “me too AI” bandwagon hopper) have negated the bearish bias yesterday, Tue. 10/10, based on the last two sessions’ price action and in line with what we have been publishing for the last week or so: “Our models indicate 4310 as the level to close above for the current bearish bias to be negated”. Now, this 4310 is the main support level and a daily close below that is needed for our models to turn bearish.

Aggressive, Intraday Trading Plans:

For today, our aggressive intraday models indicate going long on a break above 4387, 4364, 4343, 4333, or 4320 with a 9-point trailing stop, and going short on a break below 4380, 4359, 4340, 4328, or 4316 with a 9-point trailing stop. 

Models indicate explicit long exits on a break below 4385 or 4370, and explicit short exits on a break above 4383 or 4373. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:36am EST or later.

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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