S+P 500
Key Trend Analysis. Bullish Technical Breakout !
1. STRONG JOBS Growth Report Today Fits Wall Street Narrative.
Economy will continue to grow despite the Fed's willingness to slow it.
Wall Street essentially is betting against the.
Highly Visible Contrary Opinion by the STREET.
2. Technical Tip For Traders.
. On Friday's I always trade the "Weekly Chart" of whatever I am following/trading.
Weekly Charts are much more important than Daily, or Indra Day Charts.
Get in the habit, of projecting "Continuation Trend Lines" into next weeks "trading areas of value"
Do that on Friday's, so that you will know where Weekly Support/Resistance Chart Numbers are for next week.
and at the same time know in ADVANCE where you might place a BUY/SELL STOP FOR TRADING on a Continuation Chart.
3. USE THIS MORNINGS LOW AT SPX 4128.40
A "PIVOT POINT DEMARKATION"
BUY ABOVE IT, SELL BELOW IT.
POSITION TRADERS 4037.50 STOP
4.Finally, I do not like to take overnight risk,.. weekend risk is even greater !
Things happening out of your control ,that essentially can seriously damage your trading bank.
Try to go into the weekend FLAT, or with a smallish enough position so you won't get "hurt" on Monday's.
. I encourage readers of my Daily Updates,
to write in, with your feedback,and commentary
for the benefit of the trading community at large.
I will see you on Monday
. Have a safe weekend.
SPX NOON OPEN 4160.12
THE_UNWIND
WOODS OF CONNECTICUT
1.Bullish Above 4100
2. STOP at 4037
Key Trend Analysis. Bullish Technical Breakout !
1. STRONG JOBS Growth Report Today Fits Wall Street Narrative.
Economy will continue to grow despite the Fed's willingness to slow it.
Wall Street essentially is betting against the.
Highly Visible Contrary Opinion by the STREET.
2. Technical Tip For Traders.
. On Friday's I always trade the "Weekly Chart" of whatever I am following/trading.
Weekly Charts are much more important than Daily, or Indra Day Charts.
Get in the habit, of projecting "Continuation Trend Lines" into next weeks "trading areas of value"
Do that on Friday's, so that you will know where Weekly Support/Resistance Chart Numbers are for next week.
and at the same time know in ADVANCE where you might place a BUY/SELL STOP FOR TRADING on a Continuation Chart.
3. USE THIS MORNINGS LOW AT SPX 4128.40
A "PIVOT POINT DEMARKATION"
BUY ABOVE IT, SELL BELOW IT.
POSITION TRADERS 4037.50 STOP
4.Finally, I do not like to take overnight risk,.. weekend risk is even greater !
Things happening out of your control ,that essentially can seriously damage your trading bank.
Try to go into the weekend FLAT, or with a smallish enough position so you won't get "hurt" on Monday's.
. I encourage readers of my Daily Updates,
to write in, with your feedback,and commentary
for the benefit of the trading community at large.
I will see you on Monday
. Have a safe weekend.
SPX NOON OPEN 4160.12
THE_UNWIND
WOODS OF CONNECTICUT
1.Bullish Above 4100
2. STOP at 4037