Wall Street Wiretapper Gets UPGRADED!
Welcome to Issue 025 of Masters in Trading Digest.
In today’s FREE MIT Digest, we review the charts, key levels of support versus resistance, and where we are headed next.
Wall Street Wiretapper gets a major upgrade! Masters in Trading’s tool designer, Pablo Lucena, walks you through the changes.
And, a shout out to Jeff T. for sharing an awesome trade in our Discord community. Great work, $BROS!
We think you’ll enjoy this one!
Good investing,
Jonathan
[Major Level] Important Levels in the S&P 500 Futures
Monday Key Levels – 02/07/22
- Major S&P 500 Futures resistance at 100pd Moving Average: $4562
- Major S&P 500 Futures support at 200pd Moving Average: $4437
Wednesday Key Levels – 02/09/22
Tuesday’s low = $4456 (20 points from our support)
Today’s high (as I write) = $4563 (100pd moving average)
BIG NUMBER: $4563
Any trade above $4563 is a bullish price and bearish volatility
Any trade under is $4563 is a bearish price and bullish volatility.
Friday Key Levels – 02/11/22
- Feb 2 High: $4586
- Feb 4 Low: $4438.5
- Feb 8 High: $4585
- Feb 11 Low: $4454
The S&P 500 Futures market is in “no man's land” – stuck between the 100pd and 200pd moving averages. We’ve tracked these levels the entire week and they continue to act as support when the market falls and resistance when the market rallies.
With the yield curve moving as quickly as it has and rumors of fed moving rates early, it’s prudent for all traders to protect downside risk.
7.5% Inflation is unprecedented. Be careful.
HEARD IN OUR DISCORD
Shout out to Jeff T. for finding a great trade in $BROS!
This is the benefit of having community. Trade-Ideas like this:
I like this idea…
Here’s my response:
Today, those options traded $2.85. Great trade, Jeff!
Lock Up Trades are excellent trades for all retail traders.
[NEW] Wall Street Wiretapper Upgrades
Here’s what Pablo Lucena added in our Discord room about the upgrades to the Wall Street Wiretapper:
Want the old view for the “super unusual”? That can now be found on the Dashboard.
The list of the most unusual names overall… Before there was a 1-to-1 mapping between the top 20 names shown in the Dashboard and the latest 20 names in the tab called “super unusual”. However, if you look now, the name of this tab changed to “super unusual with strike data”.
While the Dashboard shows you the same list as it did before this change, the “drill down” tab now contains individual entries per expiration.
FINAL THOUGHTS
WHAT TO EXPECT IN THE NEXT MIT DIGEST
The talk this week continues to be about Bonds and the Fed. We will tackle the yield curve in the next issue of the Masters In Trading Digest.
Keep your feedback coming into support@mastersintrading.com. We’re excited to share your feedback along with fantastic suggestions for upcoming issues.
Until then, trade smart and always manage your tail-risk.
Thanks for reading,
Jonathan Rose
Get Masters in Trading Digest FREE!
Want FREE actionable trading tips and strategies like the ones you see here 3 times per week?
We're now accepting sign-ups, FREE for a limited time. Register below to join the Digest.
Unsubscribe at any time! Your email address will be used to send you Masters in Trading DIGEST issues.
Masters in Trading Digest - Issue 25
Get MIT Digest!
Want FREE actionable trading tips and strategies like the ones you see here 3 times per week?
We're now accepting sign-ups, FREE for a limited time. Register below to join the Digest.
Unsubscribe at any time! Your email address will be used to send you Masters in Trading DIGEST issues.
