Reviewing SPX S&P 500 trade events 11/21/24 for trade tips

Today we will be reviewing interesting events from the trade date 11/21/24 for trading the S&P 500. These events were selected because they were early indicators of price movement. Lets begin.

Some trade entry tests #1

1.) This was a trade entry point based on a spike in VIX premium at 10:18a.m. This was a buy. This trade went slightly profitable for a very quick moment the next minute candle before dropping down into the red. Price recovered about 7 minutes later and this trade would’ve been profitable if held for 7 minutes.

2.) This was a buy entry based on the QQQ call buying overtaking put buying. Price went up approximately 5 minutes after running in the negative. This trade would have been profitable if held for 5 minutes.

3. This was a sell entry based on a very small put spike in UVIX. This trade would not have been profitable and was a weak signal. The spike was not large.

Results #1

Here we see 2/3 trade entries were winners. 1/3 were losers.

Some trade entry tests #2

1.) QQQ Put spikes at 11:10 a.m. – 11:15 a.m. Price dipped down for approximately 4 minutes after trade with around a $5 swing. This would have been a short term profitable trade. But would turn to a loser if held.

Test Entry #3

1.) We made this trade entry due to a call spike on SVIX. SVIX is supposed to be inverse to the direction of SPX. Therfore, this would have been a trade entry point for a put. We did see price fall the next minute candle before price climbed back up over the following minutes. This trade would have been profitable if profit was taken quickly.

Conclusion

We see that price did drop the next minute candle and then slowly climbed back up. This trade would have been profitable if sold quickly and not held.