Tuesday’s Futures Setups

• August 26, 2002
• TradingMarkets Editors

The S&P 500 index futures
(
SPU2 |
Quote |
Chart |
News |
PowerRating) staged an opening reversal
before bottoming around noon and rallying into the close. This action has it
closing near its high for Monday’s session and with its third positive close in
the top of its range over the last four days.

The September Nasdaq 100 futures
(
NDU2 |
Quote |
Chart |
News |
PowerRating), performed in a nearly
identical fashion, bottoming at approximately the same time, then moving 25
points higher to close well. This has the daily chart forming a bullish tail,
and also the third positive close over the past four trading sessions, reversing
Friday’s sell-off.

 

 

 

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

Click Here

 

Pullback From
The Low

Pullback From The High

Contract	Setup	Direction	Trigger
Sept. 10-year note ( TYU2 | Quote | Chart | News | PowerRating)	Pullback from the high	UP	break above 112^280
Nov. frozen OJ ( JOX2 | Quote | Chart | News | PowerRating)	Pullback from the high	UP	break above 103.75
Canadian Dollar ( CDU2 | Quote | Chart | News | PowerRating)	Pullback from the high	UP	break above .6842
Unleaded Gasoline ( HUV2 | Quote | Chart | News | PowerRating)	Continuation from breakout	UP	break above .7980
Wheat ( WZ2 | Quote | Chart | News | PowerRating)	Continuation of pullback from the high	UP	break above 355
Dec corn ( CZ2 | Quote | Chart | News | PowerRating)	Continuation of pullback from the high	UP	break above 276 1/4

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.