With the Fed in the rear view mirror(?), the trade dispute rhetoric appearing to be cooling off (could change with one tweet, though), and the geopolitical headlines not portending the sky falling off...markets are sporting a buoyant bias this morning.
In the absence of major macro drivers and in the light of the weekly option expiration today, open interest around major options strikes and other market micro structure related factors likely to determine the market action today. Read below for our models' trading plans for today.
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
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