I am looking for a short trade on the ER at the 813.70 to 814.20
area with a target of 792 and possibly 785. The reason is in the attached chart.
area with a target of 792 and possibly 785. The reason is in the attached chart.
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Er Trade For Monday
- Thread starter phillyflipper
- Start date
There is a more compellling reason for a short on monday
and a short back to the low of friday on the S&P 500 futures
At 10:49 cst the s&p premium and the russell premium both hit new lows for the day
there was no evidence of divergence neither was their any evidence that the trin and vix had concluded a trend up.
Therefore, the compelling evidence based on leading indicators is that Monday the S&P 500 futures will drop back to at least 1418:00... unless new information on Monday morning contradicts this.
and a short back to the low of friday on the S&P 500 futures
At 10:49 cst the s&p premium and the russell premium both hit new lows for the day
there was no evidence of divergence neither was their any evidence that the trin and vix had concluded a trend up.
Therefore, the compelling evidence based on leading indicators is that Monday the S&P 500 futures will drop back to at least 1418:00... unless new information on Monday morning contradicts this.
Attachments
GGuy, where will you be looking to get short on the ES?
GGuy,
Therefore, the compelling evidence based on leading indicators is that Monday the S&P 500 futures will drop back to at least 1418:00... unless new information on Monday morning contradicts this. [/B][/QUOTE]
What "leading indicators" are you speaking of?
Therefore, the compelling evidence based on leading indicators is that Monday the S&P 500 futures will drop back to at least 1418:00... unless new information on Monday morning contradicts this. [/B][/QUOTE]
What "leading indicators" are you speaking of?
Price is the last thing you should ever look at to take a trade.
We never EVER look at price. We look at divergence on 5 different levels
Trin
Vix
SP Prem
Nasdaq Prem
Russell Prem
we track divergence levels to determine where to take a trade
on monday we will examine these levels.. on every 1/4 point move on the ES
If we are higher on the trin and the vix than the levels shown here we will be divergent.
If we are lower than the levels shown here on the Premium feeds we will also be divergent.
When we will short will be dependent on the extent of divergence.
es trin vix prem ns pm rs pm
1433.25 1.29 14.60 10.38 17.98 5.69
1433.50 1.28 14.57 10.43 17.89 5.80
1433.75 1.19 14.59 10.92 18.77 6.66
1434.00 1.02 14.40 10.11 18.01 5.75
1434.25 1.15 14.51 10.10 18.57 6.01
1434.50 0.98 14.33 10.30 17.78 5.83
1434.75 0.95 14.32 10.14 18.02 5.93
1435.00 1.07 14.36 10.19 17.92 6.61
1435.25 1.02 14.29 10.28 17.74 6.21
1435.50 0.98 14.28 10.17 18.18 6.24
1435.75 1.01 14.25 10.27 18.42 6.41
1436.00 0.96 14.33 10.43 19.28 7.13
1436.25 1.04 14.47 10.59 18.33 6.16
1436.50 0.99 14.43 10.59 18.55 6.05
1436.75 1.00 14.43 10.45 18.14 5.94
1437.00 0.96 14.41 10.48 18.05 6.28
1437.25 0.93 14.39 10.57 19.03 6.82
1437.50 0.93 14.35 10.29 17.64 6.23
1437.75 0.98 14.34 11.21 17.98 6.08
1438.00 0.90 14.34 10.32 18.00 6.66
1438.25 1.01 14.32 10.55 19.56 6.65
1438.50 0.95 14.28 10.22 18.20 6.43
1438.75 0.94 14.33 10.98 19.60 6.99
1439.00 0.97 14.24 10.98 18.87 7.15
1439.25 1.19 13.64 10.84 19.50 6.27
1439.50 1.29 13.64 10.97 19.25 5.96
1439.75 0.86 14.14 10.78 20.00 6.37
1440.00 1.12 13.56 10.96 18.78 7.43
We never EVER look at price. We look at divergence on 5 different levels
Trin
Vix
SP Prem
Nasdaq Prem
Russell Prem
we track divergence levels to determine where to take a trade
on monday we will examine these levels.. on every 1/4 point move on the ES
If we are higher on the trin and the vix than the levels shown here we will be divergent.
If we are lower than the levels shown here on the Premium feeds we will also be divergent.
When we will short will be dependent on the extent of divergence.
es trin vix prem ns pm rs pm
1433.25 1.29 14.60 10.38 17.98 5.69
1433.50 1.28 14.57 10.43 17.89 5.80
1433.75 1.19 14.59 10.92 18.77 6.66
1434.00 1.02 14.40 10.11 18.01 5.75
1434.25 1.15 14.51 10.10 18.57 6.01
1434.50 0.98 14.33 10.30 17.78 5.83
1434.75 0.95 14.32 10.14 18.02 5.93
1435.00 1.07 14.36 10.19 17.92 6.61
1435.25 1.02 14.29 10.28 17.74 6.21
1435.50 0.98 14.28 10.17 18.18 6.24
1435.75 1.01 14.25 10.27 18.42 6.41
1436.00 0.96 14.33 10.43 19.28 7.13
1436.25 1.04 14.47 10.59 18.33 6.16
1436.50 0.99 14.43 10.59 18.55 6.05
1436.75 1.00 14.43 10.45 18.14 5.94
1437.00 0.96 14.41 10.48 18.05 6.28
1437.25 0.93 14.39 10.57 19.03 6.82
1437.50 0.93 14.35 10.29 17.64 6.23
1437.75 0.98 14.34 11.21 17.98 6.08
1438.00 0.90 14.34 10.32 18.00 6.66
1438.25 1.01 14.32 10.55 19.56 6.65
1438.50 0.95 14.28 10.22 18.20 6.43
1438.75 0.94 14.33 10.98 19.60 6.99
1439.00 0.97 14.24 10.98 18.87 7.15
1439.25 1.19 13.64 10.84 19.50 6.27
1439.50 1.29 13.64 10.97 19.25 5.96
1439.75 0.86 14.14 10.78 20.00 6.37
1440.00 1.12 13.56 10.96 18.78 7.43
We will short will our projections and divergence reach sufficient levels
the Trin must his a pivot at or below these levels
1.0700
1.0600
0.9700
0.9200
0.7400
The vix must hit a pivot at or below these levels
14.4900
14.4000
14.3600
14.3500
14.3300
14.1700
14.1200
14.0000
13.9700
once these levels are reaches on a pivot..... we willl look for divergence
and trade accordingly..................
the Trin must his a pivot at or below these levels
1.0700
1.0600
0.9700
0.9200
0.7400
The vix must hit a pivot at or below these levels
14.4900
14.4000
14.3600
14.3500
14.3300
14.1700
14.1200
14.0000
13.9700
once these levels are reaches on a pivot..... we willl look for divergence
and trade accordingly..................