Trade ideas for index futures

Index futures squeezed higher into the Asian session and tagged a Fib measured move in the 3311 area finding sellers right around the European premarket. We've seen sell ticks prevail consistently. While the cumulative delta in the premarket is never really an accurate measure of anything as it is factoring only overnight inventory which has remain mixed owing to the squeeze higher from the settlement close yesterday from profit taking in shorts and continuing nicely past the Asian sessions. Today we have the bulk of the FAANGMN earnings after close and fall into the third consecutive day of selling which more than likely will unfurl in favor of the sellers.

The continuous spread of this virus has countries closing most non-essential services to the public and that does mean slower economic activity in all fronts overseas. Here is our interpretation of a measured move trade idea for the index futures which is unraveling as we put out this posting:


Risk Disclosure: Futures, forex, currencies and stock/options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Past Performance Disclosure: Past performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between actively monitored performance results and the actual results subsequently achieved by anyone using any traders newsletter service . There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of actual or simulated performance results and all which can adversely affect trading results. Although,TradeGuidance never presents hypothetical or simulated trade results, all trades presented can be in a simulated using back-testing to demonstrate similar results.

Is there an instrument you wish for us to analyze? Drop us a note. Come visit us at and fill out a contact form and tell us about your experience with trading financial instruments and commodities. We present weekly trade ideas on Twitter @tradeguidance and point you in the direction of the articles we like to publish on barchart and insidefutures. Tweeting only with the intent of helping traders learn!