Futures Index Trend (9.08.19)

Attempting to determine which way a market will go on any given day is merely a guess in which some will get it right and some will get it wrong. To avoid the noise, shifting to a SWING POSITION, can avoid that by shifting to higher time frame chart using the same intraday technical indicators and remaining in the trade that much longer. This does not reflect long term positions and other strategies used for long term growth. Any chart posted here is merely a snapshot of current technical momentum and not indicative of where price may lead forward.       

Sunday – September 08, 2019    

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My 3 $ense:

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Jason Kelly Weekly Insight:

  • Avi Tiomkin is back warning about central bank mistakes, just like a decade ago when he said the Dow would crash. It rose 166%.
  • Instead of buying in August, investors panicked. Now they’re interested in stocks again.
  • Low-volume strength and low bond yields are exciting bulls.
  • The Big Short hero says indexing is a bubble that will pop like the subprime mortgage crash. He’s wrong.
  • Such warnings are not new. We saw one in 1975, another in 1991.
  • More than half of the hero’s portfolio consists of index components.

Events this week: Retail Sales, CPI, Contract Volume Rollover

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Market Momentum: Uptrend (10/50ma cross)

SP500 Futures

  • MML Momentum Long Term: Uptrend 
  • MML Momentum Short Term: Uptrend – watch for reset
  • Heikin Ashi Bar Momentum: Uptrend – monitor for trending candles
  • 10/50ma Trend: Uptrend
  • 20/50ma Trend: Downtrend 
  • 200ma: Price action above

Setup: 2944

Current Status: Five bar confirmation upside with trending HA bars at MML resistance.

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Market Momentum: Uptrend (10/50ma)

Nasdaq Futures

  • MML Momentum Long Term: Uptrend
  • MML Momentum Short Term: Uptrend
  • Heikin Ashi Bar Momentum: Uptrend 
  • 20/50ma Trend: Downtrend
  • 10/50ma Trend: Uptrend
  • 200ma: Price action above

Setup: 7755

Current Status: Five bar confirmation upside with trending HA bars at MML resistance.


Government Required Risk Disclaimer and Disclosure Statement

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.     

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