Monica Kingsley
Monicakingsley
S&P 500 fully retraced the FOMC celebration, and right off the opening bell, stocks lifted off again to great clients‘ satsfaction… triple of dozen ES pts captured, and Nasdaq with Russell 2000 of course participated It turned out quite a risk-off day, I had presented yesterday‘s setup before the open, and the same goes for profitable remarks served to all clients during the day regarding how to play triple witching (quad as we used to say years earlier when individual stock futures were there).
Check the remarks below, and put these into context of ES 5,688 weakness warning issued after today‘s packed video was finished (review it!). Get ready for a volatile session today, up and down, with little in terms of upside or downside breakouts succeeding. Remember also how relatively fast the oversold bounce reached almost overbought readings on some short-term breadth indicators, which has been one of the reasons of not giving luxurious room for S&P 500 to break above 5,760s yesterday. Accompanied by timely precious metals correction warning Trading Signals clients got already yeasterday premarket.
All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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