Buy Signal – S&P 500 Index

Buy Signal – S&P 500 Index

The Founders Group just bought a 50% position in the S&P 500 Index at 3932 with an 7 point stop. This means that if the S&P 500 futures contract has an hourly close below 3925, we exit the position. This is a risky entry at these levels, and not for the faint of heart. This is a Navigator buy signal swing trade – but still use caution. For calls, use at the money April 16th calls – which are the 395 calls at this writing. The position will be choppy through Friday, but should position us well to ride one more wave higher next week. If not, our stop is set. We are sharing this for educational purposes only. Do your own homework and make sure you evaluate your position size relative to your account size and risk tolerance.

AF Thornton

Website: https://tradingarchimedes.com

A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.

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