Friday’s Futures Setups

• August 8, 2002
• TradingMarkets Editors

The Sept. S&P 500 futures
(
SPU2 |
Quote |
Chart |
News |
PowerRating) has
formed a 1,2,3 bottom on the daily chart and is now rallying from that point.
The SPU2 stayed positive throughout the session to close at 905 up 29 or 3.31%.

The Sept. Nasdaq 100 futures
(
NDU2 |
Quote |
Chart |
News |
PowerRating)
stayed strong as well on the day, to complete its third consecutive day of
positive gains. The Nasdaq 100 closed at 949 up 30 or 3.26%.

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

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Possible Turtle Soup Plus One Sell Setup.

Possible Turtle Soup Plus One
Buy Setup

Pullback From The High

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.