Ichimoku / Stock / Index / Future : SPX Market Update

 Right now, the market is in consolidation mode. There is no indication of a trend either it be a bullish or bearish. Therefore, we are not trading any of the Indexes or the futures related to the market. Also, since we don’t know the market direction, it is hard to place a lot of trades on the equity side. When the market is trending and the equities we trade based on seasonal patterns are in the direction of the market direction trend, this gives us a higher probability of success.
Everyone seems to be waiting for the Job report tomorrow morning. Hopefully some trend will develop tomorrow morning. Until then, we will be PATIENT and not trade.
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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 .

About the Author Manesh Patel