Potential Mean Reversion Setup - Not Trading, Just A Bookmark

Name: Potential Mean Reversion Setup - Not Trading, Just A Bookmark
Uploaded: 2021-01-28T17:41:23.476067
Channel: TomBruni
Description: Using this as a bookmark to see how a potential mean reversion setup in S&P 500 futures plays out.

Micro E-mini S&P 500 Index Futures (Mar 2021) (CME_MINI:MESH2021)

Updated

CME_MINI:MESH2021 Micro E-mini S&P 500 Index Futures (Mar 2021)

Support and Resistance Candlestick Analysis Oscillators

supportandresistance candlestick oscillator

Using this as a bookmark to see how a potential mean reversion setup in S&P 500 futures plays out.

Comment:

After further consolidation at these levels I actually took the trade a bit ago. Long at 3767.50, stop loss 3761.25 and target 3799. Gonna see how it handles this 3774 level and if we don't take it out I may close for a quick profit. Looks constructive though so giving it time to do its thing.

Comment:

Don't love how weak the Nasdaq is behaving given the overlap w/ S&P 500 holdings, but the rest of the indices look decent.

Comment:

Not worth the headache. Nasdaq can't get its shit together and weighing on the S&P. Out for about $10 profit. Gonna go enjoy my dinner and night / quit while I'm ahead.

My trading plan: bit.ly/2MM9vVv
My trade log: bit.ly/3bqoQW5

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