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TomBruni
Jan 28, 2021 11:41 PM

Potential Mean Reversion Setup - Not Trading, Just A Bookmark 

Micro E-mini S&P 500 Index Futures (Mar 2021)CME

Description

Using this as a bookmark to see how a potential mean reversion setup in S&P 500 futures plays out.

Comment

After further consolidation at these levels I actually took the trade a bit ago. Long at 3767.50, stop loss 3761.25 and target 3799. Gonna see how it handles this 3774 level and if we don't take it out I may close for a quick profit. Looks constructive though so giving it time to do its thing.

Comment

Don't love how weak the Nasdaq is behaving given the overlap w/ S&P 500 holdings, but the rest of the indices look decent.

Comment

Not worth the headache. Nasdaq can't get its shit together and weighing on the S&P. Out for about $10 profit. Gonna go enjoy my dinner and night / quit while I'm ahead.
Comments
chaos2art
Hi, can you please make a chart on AMC and AUVI? Thanks!
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