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For the Emini S&P, we had offered the following opinion for yesterday.

The main trend is down and we will likely see sellers come in at levels under my suggested line in the sand of 2703.75

A sustained move under 2703.75 (and I have a strong feeling that sustained move will stick) is indicative of sellers wanting to find better value in this market lower. This could likely drive the index into a series of levels at 2651.50, 2635.25, 2608.25 in that order lower.

If we drop past 2608.25 today another 100 points off the ES isnt out of question and there would be no trader indecision after that point.

We combined the short call on the ES with the following during the day. Beginning with the index futures to commodities like Crude Oil, we call trades out with impeccable technical clarity for traders with succinct entry/exit/stop suggestions. Take a look below at our calls for today. If you like this to trade these instruments - we will reshape the way you trade the markets if you give us the opportunity. For the nominal cost of approximately 1-tick per day, we deliver guidance to you for a wide variety of instruments. It helps a trader eliminate ranging markets and opens your eyes to other opportunities in trending markets. Give us a chance to help deliver to that promise - email us as info@tradeguidance.com today! We include a set of DailyTargets as well at the respective market open times of each instrument. Take a look at those numbers as well below!

Day-2-8-18

Daily-T-2-8-18



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Murali Sarma, Vice President of Business Integrations Inc., is an internationally known commodities analyst, author, trader and business consultant who has demystified commodity trading and introduced numerous futures trading strategies and indicators to traders - professional, non-professional and the novice trader - throughout the world. Murali began his trading career in the pre-dot-com bubble in 1998, electing to seek instruments to trade which had lesser volatility and offered more predictable analysis. From about 1999 to 2002, Murali traded out of the UK and moving to the US after that and working mostly independently with individual traders while learning from some of the best analysts and traders. While not being formally certified as a commodities trader, Murali preferred to hone in on his analysis and trading skills versus adding academically to his credentials. Murali believes that is isn’t about being right or wrong on your calls, it is about making money!

Murali has helped several traders become successful over the last 10+ years of active futures trading and has a strong following of traders who like to seek out opportunities in the futures markets on a daily basis versus following the old “buy & hold” investing adage. While not being opposed to switching hats and becoming an “investor” every so often with swing trades in the equities markets, Murali prefers to trade what he can see on charts using multiple timeframes and handcrafted indicators suited for all types of markets. Murali excels in trading sideways and choppy markets with a scalping style of being in-out of intraday markets when there is no defined trend, and on most other days prefers trading to his own computed target levels during the intraday timeframe, while following the trend.

In recent months, Murali has started a Twitter based alert service for intraday futures traders who like to trade commodities and index futures, and elected to blog post his daily analysis in commodities like WTI Crude & Gold and index future instruments like YM, NQ, ES & RTY. You may contact him via his email at info@tradeguidance.com

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