SP500 LDN TRADING UPDATE 29/8/25
FYI WILL BE OFFLINE FROM NY OPEN TODAY UNTIL LDN OPEN SEP 2
WEEKLY & DAILY LEVELS
***QUOTING ES1! CASH US500 EQUIVALENT LEVELS SUBTRACT ~13 POINTS***
WEEKLY BULL BEAR ZONE 6420/10
WEEKLY RANGE RES 6560 SUP 6400
DAILY BULL BEAR ZONE 6484/74
DAILY RANGE RES 6574 SUP 6457
2 SIGMA RES 6636 SUP 6396
VIX DAILY BULL BEAR ZONE 17
DAILY MARKET CONDITION - ONE TIME FRAMING UP 6480
One-Time Framing Up (OTFU): This represents a market trend where each successive bar forms a higher low, signalling a strong and consistent upward movement.
TRADES & TARGETS
LONG ON TEST/REJECT DAILY BULL BEAR ZONE TARGET DAILY/WEEKLY RANGE RES
SHORT ON TEST/REJECT DAILY/WEEKLY RANGE RES TARGET 6520
(I FADE TESTS OF 2 SIGMA LEVELS ESPECIALLY INTO THE FINAL HOUR OF THE NY CASH SESSION AS 90% OF THE TIME WHEN TESTED THE MARKET WILL CLOSE AT OR BELOW THESE LEVELS)
GOLDMAN SACHS TRADING DESK VIEWS
DESK COMMENTARY RESUMES SEP 2.
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Past performance is not indicative of future results.
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Patrick has been involved in the financial markets for well over a decade as a self-educated professional trader and money manager. Flitting between the roles of market commentator, analyst and mentor, Patrick has improved the technical skills and psychological stance of literally hundreds of traders – coaching them to become savvy market operators!