Founder's Trading Journal Founder’s Trading Journal – 9/22/2022 by AF Thornton Sep 22, 2022 0 Comment S&P 500 Index Continuous Futures / Today’s Close – 3773.75 / -34.25 pts (-0.90%) Published Thursday Evening, September 22, 2022. Navigator Swing Strategy™ Current Position: Cash/Short @3893.25 on 9/21/2022 Sell Stop: Subscribers Only Last Signal: Closes Long Position from 9/20/2022 @3886.25 for 25.50 points S&P 500 Index Gain/Loss from New Short Signal: -119.50 Points / - 3.06% *** S&P 500 Index Continuous Futures - Daily Chart - Key Levels and Trading Ranges Navigator Algorithm™ Trends Hourly: Bearish Daily: Bearish Weekly: Bearish Monthly: Bearish As we are going into Friday, I will skip the Sandbox Table. The DEM high is at 3828, also the 5-day line where the bears sell.With the WEM low at 3800, the price could hold between 3800 and 3825 as dealers fight to keep their weekly premiums tomorrow. Or, it the price persists lower, dealers will be forced to sell futures, exacerbating any sell-off and leading to another two sigma move.Also, note that the 80-day cycle is due to give us a bounce in here, and tomorrow’s daily candle will provide us with a 9-count exhaustion signal. The 80-day cycle is not all that important on the scale of cycles, but it may be enough to scare the shorts out of some positions.The market could be much worse, given all the circumstances. Any good news (like a resolution of the Ukraine conflict) will spike shorts into the stratosphere. Make sure you set buy stops. We have advised our subscribers where the Founder’s Group placed theirs.Short-term, a lot turns on a sober assessment of the Russia- Nato conflict vis a vis Ukraine, best captured in this YouTube video by Clayton and Natalie Morris.The couple interviews two objective, independent journalists. I recommend Redacted for anyone looking for independent “propaganda-free” news. Roll the video forward to start at 35:40 for the Russia-NATO assessment.a According to the sources, if NATO does not back off and does anything to interrupt the elections in the Russian-speaking regions of Ukraine this weekend, all bets are off. Sadly, all of our Globalist leaders who shout “Democracy. Democracy” until we are ready to puke don’t really believe in Democracy that doesn’t serve their goals, as we have learned here in the U.S.The Western media continues to spout the latest Orwellian talking points about Ukraine’s “fraudulent” elections.But all I can say is it takes a cheater to know a cheater. Anyway, the weekend elections are the risk de jure for the moment.I have drawn in the support and resistance on the first chart above. That should be all you need to know for tomorrow.A.F. Thornton BluPrint’s business model for retail services is sharing the buy/cover short and sell/short signals generated by our proprietary Navigator Algorithms™ for the S&P 500 index. Subscribers can implement the signals with the SPY ETF, SPX or SPY options, S&P 500 EMini (and micro) futures, or a combination of these instruments as the context warrants. Futures and options are leveraged instruments that involve high risk, volatility, leverage, and loss. They have different characteristics with comparative advantages and disadvantages. With leveraged futures, you could lose more than your original investment. Past performance does not guarantee that you will achieve similar results, nor do we.A.F. Thornton is not a financial advisor, nor is he your financial advisor. He only expresses his opinion based on his experience. Your financial situation and experience may be different. This blog is for educational and inspirational purposes only. Your investments are solely your responsibility. You must conduct your own research. Click to Learn More About Navigator™ Trading Subscriptions Share with Friends and FamilyWord of mouth is crucial for growing our trading community and providing education and support for your trading decisions. Please feel free to share this with your friends and family if you find the information beneficial. Facebook Twitter Email LinkedIn
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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.