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  #41 (permalink)
 zikonc 
san ramon
 
Experience: Beginner
Platform: ninja
Broker: zen
Trading: es, 6e
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if I was to guess, I would say a bit of range trading before it goes lower .... some other opinions you may have heard already

10 Things Making Me Nervous | The Big Picture

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  #42 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
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Silvester17 View Post
what is it going to be?

yesterday we had a strong rally after fomc. but got rejected fast. then overnight and early this morning the market tested 1140 again and failed.

market also tested support area around 1130 several times and so far it was holding. right now we are at that level.

so where is the market heading?

I would say if we cant break 1134-1136 to the upside, then the market will rollover and move lower.

Mike

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  #43 (permalink)
 
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 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
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here's a pretty good description about program trading with the current values.

Program Trading, Fair Value, Index Arbitrage Values - indexArb.com

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  #44 (permalink)
 
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 tigertrader 
Philly, Pa
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Experience: Master
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Silvester17 View Post
here's a pretty good description about program trading with the current values.

Program Trading, Fair Value, Index Arbitrage Values - indexArb.com


You can keep track of primo with PRSP.Z, which represents the cash price of the S&P 500 Index subtracted from the price of the nearby S&P futures contract.

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  #45 (permalink)
inimical
Ill.
 
Posts: 11 since Nov 2010
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If you're looking for a more fundamental approach, theres always the Commitment of Traders report that comes out every week. Its utility all depends on your time horizon. I like to look at it so i can understand what certain types of traders are doing, especially for agricultural products.

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