Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Quote from blast19:
Smart move...there's no reason other than overseas markets being up for the futures to be pointing green. The "not attacking Iran" reason is a pretty bad reason for the markets to go green since there have been plenty of other reasons to be red.
You dont have to buy the gap up just wait for a retracement, it me be from higher levels though.
Shorting indexes is a short term strategy, buy dips is much safer, because the indexes dont stay down for long.
I have buy limit orders @ 12480, 12470. Thinking their may be a retracement, after pending home sales data.
I scale in and scale out, works like a charm. The problem most folks having trying to trade the index futures is they get whipped around and stopped out, just to watch in fury as it heads right back up. Then they hate themselves and cant re-enter.
This is what happens trust me I know from experience. Now is a good time to juice the market, the current crude oil futures contract is unwinding due to expatriation next week, this is relieving pressure on the equity markets.
The thing is the forward crude month is @ 66.60, right were the current contract was trading before this correction today.
After years of following the markets you learn these things.
Trust me the financial news media will attribute this rally to falling crude prices, but we know the forward month is trading at 1 $1.70 premium, and in less than 10 days it will all the sudden after the contract rolls be right back near $67.00
Weeeee everything is turning up roses, weeeeeee.
