S&P 500 Day Trading Signals for 18 Mar
- Posted by tradingpoints
- on March 19th, 2010
Three day trading signals fired for today’s trading Low Historical Volatility Breakout, Inside Day, NR4 Day.
These three signals all are Range Breakout Signals, indicating that if Thursday’s High or Low is exceeded in today’s Quad Option/Futures expiration Friday, that the market should trade in the direction of the break for the balance of the day. Given the spate of DeMark Combo and Sequential signals over the past few days, the market is at a short term technical extreme. However, anything is possible and trading above Thursday’s high could set-up a buying spike or “pop & drop” scenario.
The S&P futures are bullish above 1152 on the hourly charts and is currently trading marginally above Thursday’s high in the Globex session.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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