The S&P500 futures are currently at 4171.
A large correction is taking place, wiping out yesterday’s market recovery. There is no General Trade currently till conditions stabilize and the futures move above 4200..
Support levels are visible at 4150 and 4170.
Resistance levels are visible at 4200 and 4230.
“Buy at 4170 for Target 4190 with Stop 4160.”
Please Note: This is suitable for large traders who are regularly trading with 10+ contracts, using 2-3 contracts in this Optional Trade. This trade aims to use the likely recovery in prices after today’s selling. The futures are at one of the support levels, so we can buy a small position. Thanks.