SPX500
The beginning of a new month for indexes is a rather expected event. Today is September 2, 2019 and the USA is a day off. Accordingly, PMI reports are postponed to Tuesday and we will expect detailed figures for making trading decisions. However, last week on Wednesday and Thursday we could observe a sufficient increase in the indices including the SPX500 index. Also on the NASDAQ exchange, stocks were very aggressively bought up (indicated in the picture). On Friday, after reaching the monthly volatility zone in the region of 2933, there was still a pullback, which went 50% in the opposite direction from Wednesday-Friday and stopped at the 2911 daily volatility zone. In anticipation of the opening of the market on Tuesday in view of the publication of statistics for August, today It is worth to refrain from transactions.
skrinshoter.ru/i/020919/4vmSSscI.png
The cumulative delta in the DowJones30 and SPX500 indices is in an upward trend, which indicates a possible increase, however, the NASDAQ100 index still moves sideways and does not provide an objective assessment of the market
skrinshoter.ru/i/020919/NBmIgxoz.png
As the NASDAQ100 is moving in the opposite direction from other US stock indexes, you can consider the option of pair trading.
NASDAQ100 sale (1 contract) and SPX500 purchases (2 contracts)
The graph of this synthetic tool in the picture
skrinshoter.ru/i/020919/R95HoHjo.png
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For cooperation, consultation, training and management, please contact in a personal message or on the website specified in the profile
Artyom Yaskiv @smart4trader
The beginning of a new month for indexes is a rather expected event. Today is September 2, 2019 and the USA is a day off. Accordingly, PMI reports are postponed to Tuesday and we will expect detailed figures for making trading decisions. However, last week on Wednesday and Thursday we could observe a sufficient increase in the indices including the SPX500 index. Also on the NASDAQ exchange, stocks were very aggressively bought up (indicated in the picture). On Friday, after reaching the monthly volatility zone in the region of 2933, there was still a pullback, which went 50% in the opposite direction from Wednesday-Friday and stopped at the 2911 daily volatility zone. In anticipation of the opening of the market on Tuesday in view of the publication of statistics for August, today It is worth to refrain from transactions.
skrinshoter.ru/i/020919/4vmSSscI.png
The cumulative delta in the DowJones30 and SPX500 indices is in an upward trend, which indicates a possible increase, however, the NASDAQ100 index still moves sideways and does not provide an objective assessment of the market
skrinshoter.ru/i/020919/NBmIgxoz.png
As the NASDAQ100 is moving in the opposite direction from other US stock indexes, you can consider the option of pair trading.
NASDAQ100 sale (1 contract) and SPX500 purchases (2 contracts)
The graph of this synthetic tool in the picture
skrinshoter.ru/i/020919/R95HoHjo.png
--------------------------
For cooperation, consultation, training and management, please contact in a personal message or on the website specified in the profile
Artyom Yaskiv @smart4trader
