S&P 500 IDEA

Apr 14, 2018

Just a test idea with different chart layouts from other ideas.

> Support lays around the 2640 / 2625 region
> If a trade triggers initial targets 2700/2710 level

Apr 15, 2018

Comment

gapped up on late Sunday trading (23:22 local GMT) which could signal strength; will update asap.

Apr 16, 2018

Comment

trade entered at 2671 seeing some building support here; Initial target remains the 2710 areas in the case of a rally.

Apr 16, 2018

Comment

good growth with that US data; price up to around 2678 level

Apr 16, 2018

Comment

currently up approx 1.1% OTD

Apr 17, 2018

Comment

a nice close above the 50-day ma (with respect to 4h metrics) up to approx 0.8 OTD in early Europe trading; if close above this level on a daily perspective (approx 2867) then could consider further adding to the position.
Happy Trading!

Apr 17, 2018

Comment

100MA (d1) close ; RU scaling position may be possible in asia session.

Apr 17, 2018

Comment

added a 50% OTA trade following the strong close at aprox 2705.4

Apr 19, 2018

Comment

Bit choppy yesterday but nothing unexpected due to sleep number revenue miss that seems to have been the catalyst; but still a positive close. I expect a down/neutral (or a low increase even) day is imminent to consolidation positions near term but long momentum is still maintained.

Apr 19, 2018

Comment

consolidative tone today as expected in the previous update; want to see a close above 2705.89 (d1/100ma) to indicate medium-term upward momentum. To maintain this short-term move seen this week need to stay above 2689.57 level (d1/50ma).

Apr 20, 2018

Comment

Expect more of the same consolidative tone as yesterday. Need to hold 2680 level and would like to see a close above 2691 level; further continuation of the upside would be warranted past 2710.

Apr 20, 2018

Comment

The main driver behind equities at the moment is earnings results. The geopolitical scene has calmed down with the good news of a possible Trump/Kim meeting, Syria news fading I think that this has done wonders for geopolitical tension and investor risk appetite. There are 15 ER's from the SP500 due out today in market hours 7 positive chng% and 8 negative chng%. I expect today to be a slightly positive day; maybe neutral but leaning towards positive.

Apr 21, 2018

Comment

retraced to support around 2660, expecting upward momentum next week.

Apr 23, 2018

Comment

opportunity to scale position here as similar level ; target 2710/2720 level