S&P Mini Futures: There is NO trade for the futures today. Please see chart below. The Kijun Sen is moving towards the Tenkan Sen which is flat. Currently, our sentiment is bullish. However, the sentiment may change soon if the Kijun Sen/Tenkan Sen crossover occurs. A “doji” formed yesterday but the volume was still bullish and healthy. Therefore, we have contradicting information which tells us to hold.
Since we have a bullish sentiment, we have put a entry (plus a buffer) above the 4-23-07 high. No bearish entry will be used at this time until something tells us we are now in a bearish sentiment.
For EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose .
