We’ve been monitoring continued volatility this week in the equity markets to end the month of June. Uncertainty remains with the virus and if it will continue to shutdown/postpone further re-openings to the US economy. Yesterday afternoon, bulls were able to shake this off and rally higher. I’m seeing a similar technical setup now. With TAS Vega indicating further bullish momentum and TAS Navigator/Ratio flipping to bullish in my 30MIN chart below, I want to buy the ES. I recommend the following. Call me if you need assistance with executing this trade!
BUY ESU20 @ 3065.00 or @ Market
SELL STOP @ 3050.00 ($750 risk per contract)
SELL LIMIT @ 3090.00 ($1,250 profit per contract)
The MICRO contract is 1/10th exposure per contract.
*Risk/reward are calculated before commissions and fees*
60 MIN ES – Bullish TAS Vega & Navigator = BUY
Jace Jarboe | Futures & Options Broker:
Phone: 312-706-7639
Email: jjarboe@danielstrading.com
Broker Bio
Find More Opportunities in E-mini S&P 500 Futures Like This One
We hit our target for this trade, but navigating today’s markets can be tough for new and experienced traders alike. If you’re actively trading futures and are looking for the insight, education, and empowerment to make better trades, join the Jarboe Trading Journal for the guidance you need. In the meantime, download my free Introduction to E-mini Equity Futures guide to expand your knowledge of the e-mini markets and prepare for the next opportunity.
Risk Disclosure
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.
