Thoughts for Tuesday 5/16

Retails Sales before open

Hello traders, Today’s range was withing Friday’s range making it an inside day. Going into Globex we had 4140 as bull bear. Market flipped long against 4140 after 2 am EST. After RTH open we shorted against 4140 which gave 4124 low, then We longed 4132 our level which gave few points of upside. We stayed on side line as it chopped between 4142-4138 and then went long for couple points and decided to go short against 4150 in afternoon, which gave nice 10+ points.

Econ Tomorrow:

Rest of the content is for paid sub stack users and is also shared with members on private telegram channel (Note to telegram members: please do not ask me that you do not have sub stack access, you don’t but the content behind paywall is already posted on your channel. Thank you).

Sub stack subscription does not include real time telegram alerts it only includes this nightly news letter with levels and possible setups. For real time alerts please go to https://futuretrader400.substack.com/about