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.

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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.

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

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