Issue 26: Key Levels to Watch Before the Opening - Masters in Trading Digest

Key Levels to Watch Before the Opening

Welcome to Issue 026 of Masters in Trading Digest.

In today’s FREE MIT Digest, we start reviewing the charts to see 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.

New Blog Post – The VIX and a Unique Way to Trade It

We think you’ll enjoy this one!

Good investing,

Jonathan

[Major Level] Important Levels For the Week in S&P 500 Futures

In last weeks Digest we focused on 2 major levels:

  • 100 PD MA: $4567
  • 200 PD MA: $4445

This week we need to drill out to longer time frames since the /ES Futures traded below its 200 pd ma in the afternoon trade this past Friday.

Here’s what we’re watching this week:

Above we’re now looking at a weekly chart of the S&P 500 Futures.  Notice the behavior of the last two bars, which each represent a full trading week.

Last Week High:  $4585
Last Week Low:  $4393.25

2 Week Ago High:  $4586
2 Week Ago Low:  $4393

For this week, keep things nice and simple.  Major support is $4393.  If we can hold this level we should rally, and if this level can’t hold – be concerned!

Every Monday we go over key levels to prepare for the week. 

Check out Wall Street Wiretapper and join us today.

The VIX and a Unique Way to Trade It

[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.

This Tuesday at 4:00 PM EST Join Us Live
Unusual Options:  The Wall Street Wiretapper Gets Super Unusual

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 MIT 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

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Masters in Trading Digest - Issue 26

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