Thursday’s Futures Setups

  • August 28, 2002
  • TradingMarkets Editors

The S&P
(
SPU2 |
Quote |
Chart |
News |
PowerRating) and Nasdaq 100 futures
(
NDU2 |
Quote |
Chart |
News |
PowerRating) appear to have the potential to continue to roll over.
Daytraders may consider shorts here if they violate Wednesday’s lows.


For CVR signals, look at the
TradingMarkets.com Market Bias Indicators

Click Here

Pullback From
The Low












Contract
Setup
Direction
Trigger
Copper
(
HGZ2 |
Quote |
Chart |
News |
PowerRating)
Pullback from low		 DOWN break below .6900
U.S.
Dollar
(
DXU2 |
Quote |
Chart |
News |
PowerRating)		 Breakdown
from slanted triple bottom		 DOWN break below 106.81
Treasury
Bonds
(
USU2 |
Quote |
Chart |
News |
PowerRating)
Breakdown from slanted triple bottom		 DOWN break below 109 ’00

Nov.
frozen OJ
(
JOX2 |
Quote |
Chart |
News |
PowerRating)		 Breakdown from head and shoulders DOWN
break
below 101.00

Pullback From The High





Contract
Setup
Direction
Trigger

Sept.
10-year note
(
TYU2 |
Quote |
Chart |
News |
PowerRating)
Pullback
from high
UP
break
above 112^255
Swiss Franc

(
SFU2 |
Quote |
Chart |
News |
PowerRating)		 Break of
trendline		 UP break above
.6716
Soybean Meal
(
SMZ2 |
Quote |
Chart |
News |
PowerRating)		 Pullback from high UP break above 172.00
Soybeans
(
SX2 |
Quote |
Chart |
News |
PowerRating)		 Pullback from high
UP		 break
above 548

Please note that while there are
strong trends in some

commodities, one bar or a series of bars forming a setup can sometimes
indicate a contra move for the next day. This contra move may not be
long-lasting — maybe only for a day or two. Trading with the main trend is
always the highest probability trade.

Use stops on all your trades.