New Buy Signal – 5/7/2021

New Buy Signal – 5/7/2021

Buy signal corrected – buy is 4208, not 4108.

The Navigator swing strategy has triggered a new buy signal at 4208 on the S&P 500 index futures. It is recommended that the buy signal be executed towards the close today or on a return to 4215, where weekly options expire. 

The Founders Group is 100% invested using the S&P 500 Mini-Futures Contract. Risks are extremely high, so be very, very careful and use stops. You can use other indices or sectors by analogy.

Due to the Weekly Options Expiration at around 4215 on the S&P 500 index, the market-makers will likely drive the price back down toward this level before the close. If so, that would be a good place to get positioned today.

If the market makers cannot drive the price lower, an unlikely outcome, then wait for a dip on the one or two-hour chart to get involved – even if it is next week. The point is, we are now buying dips as we enter this last phase of the rally before a larger correction unfolds.

A.F. Thornton

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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