Past week’s (March 17th, 2013) Trading Plan for the S&P500 (English Language)

Hello traders,

I am sharing the trading plan for the S&P500 I have sent on March 17th, to my newsletter subscribers. I will update this plan today with what I expect in the S&P500 going forward using the Program and Algorithmic Trading rules found in my Trading Method.

Trading plan scenarios for the S&P500 index moving forward (daily chart) - March 17th, 2013

Trading plan scenarios for the S&P500 index moving forward (daily chart) – March 17th, 2013

‘None of the two scenarios provided last week played out, but the S&P500 kept grinding higher.

We have two possible scenarios moving forward (refer to the above picture):

Scenario 1. Price could just keep grinding higher into the 1,567 area and above.

Scenario 2. Scenario 2. If the Dollar Index has a last leg higher this could push price lower into the 1,539-1,543 area before a bounce into the first target at 1,566 and then a continued move higher into the second target at 1,583..

I send a free Newsletter on Sundays along with mid-week updates . Tonight I am going to send the weekly Newsletter and you are still in time to subscribe. The newsletter typically includes: a weekly review for the Euro-Dollar cross, my FibStalker View on Currencies focusing on Forex pairs, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders. Thank you.

If you want to receive such videos, please subscribe my free newsletter.

Thank you in advance for subscribing should you decide to do so. Lots of other people are doing the same.

Should you decide to operate based on this information you are invited to do your own due diligence, consult a registered trading professional, as well as, understand the risks involved. This information is for educational purpose only. Please read the Disclaimer and accept all involved risks.

Have a great evening.

Advertisements

Leave a comment

Filed under Articles, English language, S&P mini futures setups and trades, Trading Plan

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s