June 6th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $0, Sim Trade Profit $0

Opening Comments
We had some fun and excitement yesterday.
Let's see if today can be a bit more boring.

The market declined out of the open and dropped overnight into a support area from last Friday.

The oil market really did not respond to the latest news out of the Middle East regarding the rift between Qatar and the other GCC countries. This usually means that either it was already anticipated and priced in or no one cares.

Real Money Trading S&P 500 e-Mini

After declining into Friday's support the market rallied then became a bit erratic with a few bars of high volatility, right around the European open.
There was a possible entry on a long trade that I considered then passed on.
For the last couple of hours the market has gone SWS.

The market broke lower out of consolidation. Gave us a sell signal on the 2,000 tick. I put an order in to go short. But, was to conservative with my price and did not get filled before the market pushed lower.

Coming into the open everything is setting up for a long trade. Took 2 long @2428.75. Target @ 2429.75.
Target was touched but not filled. Same deal as yesterday.
Then the market declined into a sell signal. Flipped trade. Took 7 short @ 2427.50. 2 to cover the longs and 5 for recovery. Target @ 2426.50.
Market rallies 2 consecutive buy signals. Same deal as yesterday. Not enough margin to reverse trade.
Back to plan B again.
Market rallied into the open then the 2,000 tick pulled back, rallied, formed a lower short term high then declined into a sell signal. Took 1 short @ 2432.00. Now 6 short at an average price of 2428.50.
Move target up to 2427.50
2,000 tick rallied again and formed another lower high then declined into a sell signal. Took 1 more short @ 2431.50. Now 7 short at an average price of 2428.75.
Moved target to 2427.75.
Market rallied back and re-tested the day high, just below the open, then started to decline off resistance. came back and tested support at the previous mid day low then rallied breaking through resistance and making a new day high.
This did not hold and the market again dropped back into the mid day support level, then dropped through to test the morning low.
Price touched 2428.75 so I pushed my target down to 2438.50. But, the market never pushed through to this level and rallied off support into the close.
Now we have to re-evaluate our target for the overnight session.
Last signal on the 10,000 tick was a long which has a 60% probability of success.
Last signal on the 30 min was a short which has a 90% probability of success.
We have a Naked Close Sell signal on the Daily chart.
There is strong support at the 2427 level.
We will stage the contracts out.
3 @ 2427.50
3 @ 2426.50
1 @ 2425.50

Simulation Trading LW Best TDOM  Bonds

Our Short Bond trade is in profit.
Bonds moved lower yesterday, but have rebounded a bit this morning.
If in profit we will close the trade.
We are 1/32nd in profit.
Putting an order to cover @154 28/32 which will give us 5 32nd's profit.


Simulation Trading S&P 500 e-Mini

No Sim trading done today.


Daily Summary & Charts

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