SPX Model Trading Plans for THU. 12/22
Next Support Level - Confirmed - Day 2
In our trading plans published on Monday, 12/19, we stated: "...the index is now testing the next key support level around the 3825-3835 range. Our models are indicating a range-bound trading while the index is trading within the broader 3810-3830 range on a daily close basis. If you are short, you might want to take profits on a break out of this range. If you are itching to go long, you might want to wait until the range is broken out of to the upside".
In the trading plans published yesterday, Wed., 12/20, we stated: "That support level is confirmed as held by our models, and if you followed the plans you should be long going into the open today. If not, you might want to wait to go long as our models indicate range-bound trading while the index is below 3866".
This morning session's first hour's action has been within the range of 3810-3853, still holding the lower and upper bounds from our earlier trading plans. Our models reiterate range-bound trading while the index is within the broader 3810-3860 range on a daily close basis. Seasonality effects such as Santa Clause rally (anticipation/positioning and unraveling of the same), Year-end-tax-loss selling, January effect etc.) could lead to sudden spikes in both directions.
Unless you "must" trade, it might be a good idea to take it easy and sit on the sidelines until the new year, especially while the index is within the above range.
Positional Trading Models: Our positional trading models closed out the short from Thursday, 12/15 (opened at 3893.51) with a profit of 78.01 index points and are currently flat. Models indicate staying flat until otherwise indicated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for THU. 12/22:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 3810, 3818, 3833, or 3862 with a 9-point trailing stop, and going short on a break below 3805, 3820, 3835, or 3857 with a 10-point trailing stop.
Models indicate long exits on a break below 3815, and short exits on a break above 3815 or 3840. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:01 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #rates #nfp #earnings #earningsseason #midterms #elections #cpi #fedpivot #shortsqueeze
In our trading plans published on Monday, 12/19, we stated: "...the index is now testing the next key support level around the 3825-3835 range. Our models are indicating a range-bound trading while the index is trading within the broader 3810-3830 range on a daily close basis. If you are short, you might want to take profits on a break out of this range. If you are itching to go long, you might want to wait until the range is broken out of to the upside".
In the trading plans published yesterday, Wed., 12/20, we stated: "That support level is confirmed as held by our models, and if you followed the plans you should be long going into the open today. If not, you might want to wait to go long as our models indicate range-bound trading while the index is below 3866".
This morning session's first hour's action has been within the range of 3810-3853, still holding the lower and upper bounds from our earlier trading plans. Our models reiterate range-bound trading while the index is within the broader 3810-3860 range on a daily close basis. Seasonality effects such as Santa Clause rally (anticipation/positioning and unraveling of the same), Year-end-tax-loss selling, January effect etc.) could lead to sudden spikes in both directions.
Unless you "must" trade, it might be a good idea to take it easy and sit on the sidelines until the new year, especially while the index is within the above range.
Positional Trading Models: Our positional trading models closed out the short from Thursday, 12/15 (opened at 3893.51) with a profit of 78.01 index points and are currently flat. Models indicate staying flat until otherwise indicated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for THU. 12/22:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 3810, 3818, 3833, or 3862 with a 9-point trailing stop, and going short on a break below 3805, 3820, 3835, or 3857 with a 10-point trailing stop.
Models indicate long exits on a break below 3815, and short exits on a break above 3815 or 3840. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:01 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #rates #nfp #earnings #earningsseason #midterms #elections #cpi #fedpivot #shortsqueeze
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From The CFA Institute:
tradersai.com/14625-2/
blogs.cfainstitute.org/investor/2022/12/15/what-can-ai-do-for-investment-portfolios-a-case-study/
Join our substack: tradersai.substack.com/
From The CFA Institute:
tradersai.com/14625-2/
blogs.cfainstitute.org/investor/2022/12/15/what-can-ai-do-for-investment-portfolios-a-case-study/
Join our substack: tradersai.substack.com/
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