ES!1 Short - Observe Inflation Expectations
SPX currently trades in heavy accumulated volume zones. No easy way out expected from here to the upside. Very near the right shoulder's resistance line.
I expect limited upside potential.
Watching out for 3921.50 which also figures as upper stop limit for the trade.
Expecting prices to move very gradually upwards until the PCE figures. Watch out for some good entry constellation in 1-5min bar perspective.
After 8:30am i would expect downside pressure to pickup with some accelleration moving towards the end of the session.
Things to watch out for further hints regarding markets perception of afternoon's numbers:
- copper (and commodities in general)
- tnote... showed more reasonable correlations again lately. Especially observe movements at 8:30am for signals of market's interpretation of inflation expectations.
Stop Limit: 3921.50
Target: @ or below 3900
Entry Conditions:
- @ 8:30am in case of perception of inflationnumbers according to tnote prices as expected. Enter Short-Position in case of
TN1!
prices ticking down.
- or even before. but be carefull of breakout to the upside.
Exit Conditions:
- Stop Limit Crossover
- Unexpected Perception of Inflationnumbers according to TNote Prices. Exit Short-Position even before Stoplimit
I expect limited upside potential.
Watching out for 3921.50 which also figures as upper stop limit for the trade.
Expecting prices to move very gradually upwards until the PCE figures. Watch out for some good entry constellation in 1-5min bar perspective.
After 8:30am i would expect downside pressure to pickup with some accelleration moving towards the end of the session.
Things to watch out for further hints regarding markets perception of afternoon's numbers:
- copper (and commodities in general)
- tnote... showed more reasonable correlations again lately. Especially observe movements at 8:30am for signals of market's interpretation of inflation expectations.
Stop Limit: 3921.50
Target: @ or below 3900
Entry Conditions:
- @ 8:30am in case of perception of inflationnumbers according to tnote prices as expected. Enter Short-Position in case of
TN1!
prices ticking down. - or even before. but be carefull of breakout to the upside.
Exit Conditions:
- Stop Limit Crossover
- Unexpected Perception of Inflationnumbers according to TNote Prices. Exit Short-Position even before Stoplimit
Trade active
Trade closed: stop reached:
stopped out @ 3921.50
stop limit at 3910