Equity futures continued their rally this afternoon which resulted in the S&P 500 closing out its best quarter since Q4 of 1998. This morning I recommended clients to BUY ESU20 @ 3065.00 on bullish momentum I was seeing from the TAS indicators presented in my chart below. We saw some retracement when Fed Chair Jerome Powell and Treasury Secretary Steve Mnuchin testified before Congress but equities continued today’s rally higher this afternoon. The front-month ES made a high of 3101.25 so my target was filled for a profit @ 3090.00 ($1,250 profit per contract). Great job to all who participated in this trade with me! Feel free to give me a call about your position or to review this trade together!
BOUGHT ESU20 @ 3065.00
SOLD ESU20 @ 3090.00 ($1,250 profit per contract)
*Risk/reward are calculated before commissions and fees*
30 MIN ESU20 UPDATE – TARGET HIT
Jace Jarboe | Futures & Options Broker:
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