Bernie's S&P E-Mini Futures Trading Journal

Opening Comments @ 02:00 From the open, the market rallied back to meet resistance at yesterday's high then started to decline back towards the open, then rallied making new overnight highs. Looks like the market is already pricing in the expectation of a good jobs report on Friday. Historically there is a rally prior to the Labour Day long weekend. Looks like we are doing that again this year. Target of $400 per day for this week. Our mid term prognosis based on the cycle and inter-market analysis, has not changed. We still expect the markets to continue lower into October. The forecast provides general direction, but not magnitude. However, looking at the market activity we anticipate the correction could come back to the 2360 levels. Flipping & Recovery Strategy (Modified 21/08/17) Going back to the Plan B Concept for Flipping failed trades and recovering losses. The fundamental  logic of this strategy is to recover the losses of a previous trade, ...