Recent S&P 500 Index with AbleTrend trading signals. You may check out what buy/sell/stop signals for your specific markets including index, stocks, futures, commodities, forex or bonds. This service is free. Please fill in your symbols Here.
Dear Trader Friends,
September 21 is Quadruple witching days which occur on the third Friday of March, June, September and December. Contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire. Why should you be aware of those dates as a trader?
Current market conditions with Fed's QE3, $40 billion per month, the up-trend force is very strong! The S&P 500 index is at a four-year high level. When there are five more days left to Friday's quadruple witching, there is big disadvantage to bears. Traders are unwinding options & futures and either re-buying or re-selling their positions so that's why we see a bit more volatility. In the last 3 months, overall bears are in a losing position. When bears have to exit the short positions, many sellers simple exit the lossing positions, but not re-sell. This will bring big buy pressure to the market.
From above example of the S&P 500 index chart of this year, you already clearly see the stock price moving up significantly to a four year high. It really creates good trading opportunities to all traders. If you had guidance like AbleTrend, it looks like easy and simple. However, be aware of the big volatilities, always use AbleTrend stop as your guide, and don't be sure the market would go your way. The stops dots tell you right or wrong quickly.
You may check out what buy/sell/stop signals for your specific markets including index, stocks, futures, commodities, forex or bonds. This service is free. Please fill in your symbols Here.
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