US500.F trade ideas
S&P500 - short term volatilityLooks like October is shaping up to be a volatile month. You can play the volatility by shorting near the top and longing near the bottom of current range. Since we already bounced from the bottom of range, the next opportunity is going to be a short near the top. This play, which involves shorting a previous level of daily support which should now turn resistance gives pretty good risk to reward. Recommended risk of 2%.
S&P 500 Update #2 - A Mexican Standoff.Hi, today we are going to talk about the S&P 500 and its current landscape.
At the index, we observe a strong confluence of Gann. Such accumulation follows the narrowing of the supports and resistances of Gann. As possible trade targets, we have the Fibonacci retracement.
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SPX 500The S&P 500 index is trading at a resistance of 2932 to 2950 respectively marked with red broken lines on the chart.
Since Sept 2018 it has fallen from this level 8 times and this is the 9th attempt. So on 4hrs chart, a close above or between 2885 and 2900 will be considered positive. Once a strong close above 2954 we can see a 50 points jump in this counter.