Speculation on S&P500 futures (analysis and trading signals)

Mini S&P 500: 02:31 - Short by price 3696.25

 

good.

I shorted earlier at 3703.50.
my stop is 3703.50 + 3 points

 

It will be interesting to see if your prediction comes true.
It seems to be more yes than no.
In general, in your experience, how much does this wave analysis seem to shift the probability in your favor (as a percentage)?

 

Thank you.
And I was afraid to short on 3703, I decided to wait for "confirmation")

Do you trade according to the rules, or intuitively?

 

Honestly, I am glad you asked.
many traders are not interested to know why.



I use Intermarket correlation to help in my trading.

This was what happened :


Hangseng went down massively & decisively about an hour earlier
(during the Hong Kong afternoon session).


subsequently
ES, NQ, RTY, DAX, cac40, India Nifty .... all went down at about the same time.

When the markets are intercorrelated,
when those ES, NQ, RTY, DAX, cac40, India Nifty .... big traders/investors reacted in harmony,
it is a high-probability trade.


so Yes. I wait for confirmation.

 

Sorry no idea. I trade, not test.

 

Mini S&P 500: 08:50 - Short by price 3763.00

 

Mini S&P 500: 09:59 - Long by price 3746.25

 

To the left of entry point is resistance. Short was the play there.

 

Mini S&P 500: 10:55 - Long by price 3411.75