Price Support Holding, but Traders Getting Bearish on S&P EminiNovember 7, 2011 by Chris Dunn

The longer-term outlook of the stock index futures markets have a few conflicting biases.  Price structure is holding strong with support and buyers holding the S&P up above the 1240′s, but the COT Net Position indicator is showing us that the “smart” and ”dumb” money is getting short this market.

Nevertheless, this indecisiveness gives us nice intra-day trading volatility.  And when there’s confusion and emotion running the markets, trade setups become very clear.

Although I don’t care where the market is headed a month or week from now, it’s still very insightful to understand what’s causing the nice swings in price.

 

We’ve also had many inquires about availability and cost for the Emini Academy’s MAP Trading Program.  As you may already know, we don’t teach basic trading theory that you can find online for free.  Our education is focused on teaching our students how to execute the MAP Trade Signal Software.  If you have any questions about the price of the Emini Academy, feel free to call an Education Counselor at 800-788-1658.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE.  THE RISK OF LOSS IN TRADING FUTURES CONTRACTS OR COMMODITY OPTIONS CAN BE SUBSTANTIAL, AND THEREFORE INVESTORS SHOULD UNDERSTAND THE RISKS INVOLVED IN TAKING LEVERAGED POSITIONS AND MUST ASSUME RESPONSIBILITY FOR THE RISKS ASSOCIATED WITH SUCH INVESTMENTS AND FOR THEIR RESULTS. PLEASE READ OUR FULL DISCLAIMER HERE.

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One Response to “Price Support Holding, but Traders Getting Bearish on S&P Emini”
  1. Roman Sidorov says:

    Chris, it would be nice to see after every market recap how many points total were earned or lost that day.