Tag Archives: S&P500

The S&P’s Moment Of Truth

Posted on February 5, 2019 by macromon

Can it really be this easy?  Another Bull Trap With A Doji On Top? If this bear market repeats or even rhymes with its recent history, here is the scenario: Wednesday:  The S&P500 trades through its 200-day moving average and … Continue reading →

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The Clash of Generations, Fed, China, And The S&P500

Posted on February 3, 2019 by macromon

We begin the new week with the S&P500 up over 15 percent from the December 26th intraday low at 2346.58 and sitting right at the 100-day moving average (2710.88) and the key .618 Fibo retracement at 2713.88.    Last weekend … Continue reading →

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S&P500 Short: Update

Posted on January 23, 2019 by macromon

Selling 5 contracts at the open of the overnight session.  Back to you with levels. Update:    Sold 5 March S&P e-minis at 2635.50.  Stop at 2680.00. Comment: Looks like good news on China deal is pushed out,  less of … Continue reading →

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S&P500 Key Levels

Posted on January 22, 2019 by macromon

The S&P gave up 22 percent of its 6.54 percent YTD gain today. We nailed it in our 3 AM post, The Increasing Risk of A Major China Trade Debacle, Look to the government shutdown as your template as to how Trump … Continue reading →

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S&P500 Key Levels & Gravestone Doji

Posted on January 16, 2019 by macromon

Today’s price action and candle look sound as closest like a bell ringing to sell the S&P as you are going to get.   Yes, we jumped the gate a bit early in our recent short and are very cognizant the … Continue reading →

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Stopped Out Of Pound And S&P

Posted on January 15, 2019 by macromon

We are out of our S&P short at 2604.  Totally mistimed the positive China stimulus rhetoric overnight.  Can’t win them on.  Clearly, new market psychology for new.  Look to sell higher unless decisive break about 2650.   On to the next … Continue reading →

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UPDATE: S&P500 Short

Posted on January 14, 2019 by macromon

If you missed it, we sold five S&P500 e-minis at 2582 into the close.   The Doji like daily candlesticks over the past few trading sessions was our sell signal.  Note Doji’s have been the closest to ringing a bell at … Continue reading →

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S&P500 Key Levels

Posted on January 14, 2019 by macromon

Our daily Doji candlestick, though not perfect but close enough for government work, was triggered at the close.  The S&P rally has stalled and is having trouble cracking through 2600. Squeezey in the overnight session with futures up 16 handles, … Continue reading →

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Shorting S&P500 Futures Into Close

Posted on January 14, 2019 by macromon

Looks like we are going to get the Doji candlestick, or close to it, today, which is our sell signal and entry point.   Selling 5 e-mini futures right in here at 2582.  Stop at 2601.  Target 2400.   May add if … Continue reading →

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S&P500 Key Levels

Posted on January 10, 2019 by macromon

Nice price action today generating an outside day, which the textbooks tell us is a confirmation and continuation of the recent move.  No fight here. Nevertheless, moving into the zone of heavy resistance as the S&P crosses 2600 and the … Continue reading →

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