Wednesday, Fed Day Touching 2087.5 ES

November 2, 2016SilverSurferFed DayNo comments

Today was a Fed Day and the election is next week. After the Fed announcement, we had a 5th wave down towards 2087.5 – matching the start of the green candle in the pink circle below. 110216-sp500-daily

Today’s S&P500 Hourly Chart

110216-sp500-hourly

Russell Daily Chart

The Russell daily chart shows enough waves to potentially complete downside. However, it’s gone further than I expected. I did not expect it to get near 1150, yet here we are.

However, the Russell made new lows lower than after Fed announcement at 2pm.

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SilverSurfer

SilverSurfer is a former hedge fund derivatives trader at a Wall Street Investment Bank (Prop Trading Desk) and has been trading the markets since 2002. He received a B.S. in Management Science from Stanford University with a focus on Finance and Decision engineering. He was actually in the audience during Steve Jobs' now famous graduation speech. This trading education blog is partly a result of the inspiration from that speech. Here at LifeStyleTrading101, Mr. SilverSurfer serves as Head Trader sharing not only his market views and trades publicly, but also his passion and vision to educate everyday people with real-life practical skills in how to make a little extra money in the global financial markets. You've seen his expert wave analysis of the markets above. Now you can subscribe to his Trade Of the Week premium service to learn exactly how he is trading today's market, week after week.

Previous post Weekend, Only Russell Shows Signs of Potential Bottoming Next post Monday, 50 ES pt Clinton Gap Up Rally Post FBI Weekend News

Trades

Date	Security	P&L
6/9	SPY	-$600
6/3	IWM	$1,200
5/20	IWM/SPY	flat
4/24	SPY option	$1,000
4/24	VXX	$600
4/15	spy/iwm	flat

3/31	SPY Iron Condor	$800
3/17	VXX	$1050
3/15	IWM	-$1400
3/1	USLV	$500
2/24	TNA/VXX/IWM	-$400
2/10	SPY Calls	$300
2/10	IWM/VXX	$850
2/3	IWM options	$1,200
1/25	SPY calls	$550
1/19	QQQ options	$150
1/19	IWM options	-$800
1/19	SPY options	-$900
1/18	USLV/GDX	$250
1/13	SPY Call	$250
1/5	SPY Call	$300
1/4	SPY options	-$900
1/4	GDX Calls	$600
12/29	GDX calls	$450
12/23	SPY options	$650
12/16	QQQ Options	$1,200
12/16	USLV	-$350
12/7	SPY options	$300
12/5	QQQ	-$240
12/1	SPY options	$250
11/24	SPY options	$980
10/31	SPY/GDX	-$2,000
9/9	SPY options	-$800
9/2	SPY options	-$1,450
8/26	SPY options	-$1,060
8/19	SPY iron condor	$435
8/12	SPY options	$550
8/5	SPY options	$1200
8/2	SPY options	-$1,000
7/30	IWM Call	$900
7/24	Russell TF	$1,400
7/22	Russell TF	$700
7/14	SPY options	$1000
7/6	ES	$1,550
7/5	SPY Iron Condor	$1,175
7/4	Silver	$5000+
6/30	ES	$1,100
6/29	ES	$1,650
6/28	ES	$1,000
6/24	SPY	$900
6/17	SPY	-$650
6/10	GDXJ	$450
6/10	Silver	$1,260
6/7	ES	$1,500
5/26	GC	$1,300
5/25	NQ	$1,200
5/25	SPY	-$1,200
5/24	SPY	-$700
5/16	NQ	$1,500
5/10	NQ	$1,080
5/10	NQ	$1,350
4/29	ES	-$500
4/18	SPY	-$500
4/18	SPY	$970
4/8	SPY	$720
4/7	ES	$1,100
3/30	ES	$1,600
3/24	ES	-$500
3/22	SPY	$800
3/16	SPY	$50
3/10	SPY	-$1,200
3/4	SPY	$1,500
3/4	SPY	$1,400
2/26	SPY	$1,500
2/23	SPY	$1,000
2/19	SPY	$900
2/12	SPY options	$900
2/12	SPY	-$400
2/7	Gold	-$2,400
2/5	SPY	$1,400
2/3	SPY puts	$2,100
2/2	SPY	$1,200
1/29	SPY	$2,700
1/22	SPY	$1,200
1/15	SPY	$50
1/8	SPY	-$700
1/7	TF short	$6,500
1/7	SPY Puts	$8,000
1/4	SPY	$800
1/4	TF short	$8,750
12/31	SPY	$1,000
12/30	SPY	$1,000
12/24	SPY	-$3,200
12/18	SPY	$1,000
12/16	SPY	$1,68
12/16	SPY	-$40
12/11	SPY	$2,500
12/4	SPY	$2,600
11/27	SPY	$1,211
11/17	ES Futures	$223

See Trade History

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Wednesday, Fed Day Touching 2087.5 ES

Today’s S&P500 Hourly Chart

Russell Daily Chart

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November 2016
M	T	W	T	F	S	S
« Oct				Dec »
	1	2	3	4	5	6
7	8	9	10	11	12	13
14	15	16	17	18	19	20
21	22	23	24	25	26	27
28	29	30

Wednesday, Fed Day Touching 2087.5 ES

Today’s S&P500 Hourly Chart

Russell Daily Chart

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