Preparing for the Week of March 22, 2020 - Potential Long and Short Buy/Sell Price Levels

While the overall market view is bearish and lower lows are expected, market is setting up for a potential reversal. Although the market is short-term over sold, this does not guarantee a bounce here at the current price of $2,174 (on E-Mini S&P 500 Futures).

Looking for a potential price move back up to $2,650 to 2,700 (on E-Mini S&P 500 Futures) - Will consider short entries there.

If we see continued selling to start the week, I will be watching the $2,000 (on E-Mini S&P 500 Futures). I anticipate it to be a great buying opportunity. That being said, we may not get that low before seeing a short-term bounce.



Summary (Levels to Watch on E-Mini S&P 500 Futures):
Potential Buys:
$2,000

Potential Sells (or sell short)
$2,650-$2,700

If I take any trades, they will likely be near the start or end of any trading day. I will post trades if I take them.


I am practicing "Social Distancing" by staying home and watching the markets.