Homework and Trade Sheet for Thursday 5/9

May 09, 2019

Indexes closed with 30/60 minute bear flags that were in the process of breaking.  SOs got full retest  down.  88 – 94 continues to upside volume node.  Globex low of 2858 main reference point to downside.

New 2-period ROC momo lows 2 days ago indicates downside momentum can have continuation for awhile.

SPs:  2868.75 PDL

Bonds on Pinball BUY, since action started in the evening session, as it often does, traders can look to short highs made FIRST or,  wait for a pullback before initiating a long trade (a la Taylor’s guidelines)