Swing Trader’s Insight Futures Watch List for July 30

Swing Trader’s Insight Futures Watch List for July 30

Sept. eMini Russell: Last night I labeled the Russell as a breakout candidate; that’s the type of trade we’ve seen thus far today. For now I would watch the Tuesday high of 1146.20 as a pivot point for the rally; 1152.30 would be the next rally target. As with the other stock indices; keep an open mind as to direction post-FOMC.

The TTT and Sell Days in the eMini S&P Futures

The TTT and Sell Days in the eMini S&P Futures

The eMini S&P was on the Sell day of the TTT cycle for today. Monday was the Buy day of the cycle, and the rally off early morning lows was the result. In addition, the fact that it was the first day of a two day FOMC meeting made a two sided trade more likely, as traders would be less likely to want to commit to new positions with heightened expectations for increased volatility and uncertain direction after the meeting.

Swing Trader’s Insight Futures Watch List for July 29Swing Trader’s Insight Futures Watch List for July 28

Swing Trader’s Insight Futures Watch List for July 28

Sept. eMini S&P Futures: It’s a “cover breakout sales” day so a Taylor Trading Technique Buy day is anticipated. Friday’s low of 1968.00 is the Buy day reference price; there was a low violation buy overnight. For the day session I’d look for another test of Friday’s low or a rally above resistance- for now that’s 1972.00 and then the overnight high of 1973.25. The 1976 area is the first rally target.

Swing Trader’s Insight Futures Watch List for July 25Pre-Dawn Update 7/23Swing Trader’s Insight Futures Watch List for July 18How I Use Overnight Action to Swing Trade the eMini Futures7/16 Pre-Dawn UpdateToday’s Taylor Trading Technique Signal in the eMini S&P Futures