The following trading plans are indicated for the regular session today:
Note: For the trades to trigger, the breaks should occur during regular session hours starting at 9:30am ET. Due to the intraday nature of the aggressive models, they indicate closing any open trades at 3:55pm and remaining flat into the session close. No opening of new positions after 3:45pm. Only one open position at any given time.
Medium-Frequency Models: For today, our medium-frequency models indicate carrying the short from yesterday until the trailing stop is hit. When closed, the models indicate opening a long on a break above 2910 and opening a short on a break below 2882, both sides with a 10-point trailing stop.
Aggressive Intraday Models: For today, our aggressive intraday models indicate using the 2895 as a pivot - going short on a break below 2895 and going long on a break above 2895, both sides with a 7-point trailing stop.