Long E-mini S&P 500 Futures September 2018
Fundamentals:
FOMC statement will come up on Wednesday
There is expextation for increase by 0.25%
If rates will be increased we will definitely go up
Technicals:
- uptrend with flag forming on the top
- this week was closed on the top op the formation (which indicates for me that investors expect rate increase. They are always one step ahead. So key-move is to watch rates and PA behavior at this time)
If rates don´t increase the correction will come sooner than the offical statement release. As I said, one step ahead.
If price however doesn´t go below 2754.00 and the rates will increase than we have a beuatiful buying opportunity. I will be probably entering market on Monday.
Updates will be posted.
FOMC statement will come up on Wednesday
There is expextation for increase by 0.25%
If rates will be increased we will definitely go up
Technicals:
- uptrend with flag forming on the top
- this week was closed on the top op the formation (which indicates for me that investors expect rate increase. They are always one step ahead. So key-move is to watch rates and PA behavior at this time)
If rates don´t increase the correction will come sooner than the offical statement release. As I said, one step ahead.
If price however doesn´t go below 2754.00 and the rates will increase than we have a beuatiful buying opportunity. I will be probably entering market on Monday.
Updates will be posted.
Comment:
I forgot to mention that Crude Oil shows first signs of downfall shake-off so maybe some upmove will come in next days. This would support S&P 500s break-out as many stocks from S&P 500 are correlated with Oil.
Order cancelled:
Do not open long on Monday until you see confirmation here. We will wait for pullbacks. Markets are very volatile right now so opportunities will come. Waiting for clear entries is the way in this business.