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S&P 500 Futures - Sep 24

CME
Currency in USD
Disclaimer
5,628.50
+26.25(+0.47%)
Delayed Data

S&P 500 Futures Discussions

If you are seriously running technicals on a product that points to the trading of 500 stocks you need to get your head examined
False, all luck. Throw the chart away if you ever want to win
The real argument is running technicals in such a volatile market
I agree in general and said this to someone on EUR/USD board and the same overall logic with smaller time frames applies in indices futures too:   " TA is not a good indicator of overall market moves - TA is only used for entry points that are necessary from fundamental trades. This applies across the board for all instruments. In equities TA holds more validity as algorithms are programmed to trade certain fib and mechanical support points and channels but in forex algorithms are designed to capture liquidity in an environment where market makers seek to close against the highest number of possible counter positions. Furthermore forex is highly liquid with countless large commercial trades in addition to institutional liquidity providers' strategy which results in extreme volatility that more often than not breaks TA patterns on smaller time charts."
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