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dkh
Sep 8, 2017 11:46 PM

Set-Ups for 9/11 -Brrrrrrrr Short

S&P 500 index of US listed sharesFXCM

Description

You only have two levels to watch 2456.5 and 2446.4 if we take out those levels you know what to do. If you don't know what to do then wait on the sidelines. If you took the late morning sell trigger then place your stop at break-even. Here is the summary:

1. Inertial lines fell twice intraday = bearish
2. DXY at 91.32 = bearish
3. UST 10-year closed at 2.054 = really bearish
4. Precious Metals holding strong = bearish
5. No Debt Ceiling = Bullish
6. Hurricane Irma = Bearish
On a fundamental note we can expect that Insurance Companies and Bankers will begin raising liquidity to cover cash draw-downs and claims. We can also expect that CDO's and other derivatives, swaps will be triggered starting on Monday. The full collateral effect of Hurricane Harvey is still yet to be felt and I am quite sure that adjusters in the area are reporting fairly grim estimates back to all those concerned. At minimum I will expect to see capital buffers for the financial markets to be maxed-out or possibly breached between 9/11 and 9/13, at least on paper. Any action plan on their part will require raising cash by liquidating equity positions.

If you are looking to go long on Monday, you may have an opportunity on ES from about 8am into the 10:30am push. I've already done the math and I know what to expect from this market over the next few weeks.

Comment


We got the 8am push and now you will be looking to tighten stops at the 83 level and look for a crossover on the EMA for a short

Comment


small trigger on 3m chart. 1/4 position is reasonable

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Late day 3m trigger

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watch for the trigger

Order cancelled

Comments
roxananechita
Thank you for the update :)
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