Tuesday May 1, 2018 blackFLAG© Futures Trading System

All Charts Include The Levels Below!

The blackFLAG© FTS SIGNALS DICTATE THE MOVE,  not a traders' interpretation of support /resistance levels.  The chart lines provide guidance but movement is dictated by price action which is reflected by the signals.  One may be expecting a bounce but if price action decides to back test or to turn over and fail, one must follow the alerts.  As a day trader, one must be detached from a pre-determined analysis.

"Follow the alerts".

 

The same opportunities will be here tomorrow and the next day!

S&P 500

  • 8:04 AM
  • SHORT - SELL THE RALLIES
  • 11:10 AM - CLOSE TRADE
  • TREND IS STILL BEARISH

1:00 PM BOUNCED FROM UP TRENDING INTERSECTION 

OIL

  • 9:30 AM
  • SHORT - SELL THE RALLIES
  • 11:03 AM CLOSE TRADE
  • TREND IS STILL BEARISH

GOLD

  • 8:00 AM
  • SHORT - SELL THE RALLIES
  • 10:55 CLOSE TRADE
  • TREND IS STILL BEARISH

Comments:

/ES had today alerts to short it. Also, as the charts show, the down trend was going to meet with an intersection (up trending support line) which could cause a bounce and yes it did.  A very significant bounce.  View the charts for details.

Comments:

Shorting opportunity for Oil as well.  I traded today Gold, Oil and ES.  All trades generated profitable results.

For details, view the charts.

Comments:

Traded Gold in the morning and then shorted it again in the afternoon.  View charts for details.