Given the support on the Monthly VWAP +1 Standard Deviation band, and the Weekly VWAP, we are focusing on buy zones on the current ESZ9 contract.

The key levels are shown on the chart below, and are considered buy zones for the US session.

As the European session has been choppy/ranging, there is no clear directional trend at present, and so buying in the support zones, with stops below, and a target towards the daily VWAP, is the preferred trading strategy for today.

The buy zones are highlighted in green.

Key trading levels in ESZ9 S&P 500 US stockmarket for Friday 20th September 2019

Today’s areas for buy entries include :

  • 3005 (+/-1 pt)
  • 2992 (+/-1 pt)
  • 2981 (+/-1 pt)

Stops 4 points below, Targets 8 points above.

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About the author

Trading and Investment

Traded the markets for over 15 years, including Commodities, Bonds, Currencies, Equities, and Indices. I have also worked as a Chartered Financial Planner.
CeMAP, CeFA, DipFA, AdvDipFA, Ba(Hons) Economics, Chartered ALIBF

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