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The Pattern Trapper Blog

High Probability Trading for Futures, Forex, Stocks, and ETFs.

S&P E-Mini Trading for Thursday, September 11

The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
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To see how some of these trade setups will typically turn out Click Here.
The December S&P E-Mini contract has fired 2 Day ROC Buy and 90-10 High Continuation signals for today’s trading. The 2 Day ROC Buy signal suggests that today's principal trade direction should be to the upside. The 90-10 High Continuation signal is fired when the day closes within the top 10% of the day's range. It tells us that yesterday's late day move higher is likely to continue on into today. Cycle Indicators (chart at right) have moved into a region where short term cyclical lows often form, and both the larger and more immediate trends are to higher prices. Odds favor further upside in today's early trading. Buy the break of yesterday's 1988.25 high with a stop just below the 1983.00 level of the Daily Pivot. Price strength above the DP may provide clues for earlier entry. To learn how to trade these setups every day Click Here!
Disclaimer: trading involves significant risk and is not suitable for everyone.
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