I AM A MEMBER OF TRIFORCE TRADER DAILY AND I MAKE THESE WATCHLIST'S BEFORE I VIEW HIS DAILY WATCHLIST'S

DISCLAIMER: I AM NOT CERTIFIED TO GIVE ANY TRADE RECOMMENDATIONS THEREFORE EVERYTHING I WRITE ABOUT IS NOT REAL AND IS NOT A BUY OR SELL RECOMMENDATION

FUTURES:

I REVIEW S&P 500 E-MINI, AND OIL EVERY DAY

S&P 500 MINI: or /ES on think or swim: First Notice Day For Contract Roll: 3/15/2017

Current contract: ESH7 (CONTRACT ROLL)

RANGE TRADE: none

LAST WEEKLY OUTLOOK:

We may hit a lot of resistance here. We do have some news though. FOMC interest rate decision on Wednesday should move the markets quite a bit. If we hold 2275 we may head to new highs again this week. We may sell off Wednesday before the FOMC decision but we will see. I will look for selling opps under 2270.

RECAP:

The low of the week was 2262.25 on Tuesday. And the high was Friday at 2293.75 almost back to new highs.

WEEKLY OUTLOOK:

I don’t see why we wouldn’t hit new highs for the week. I look to be a buyer of 2280-2283 for a push to new highs for the week. If we fall below 2275 we will probably back back to 2265 or lower.

MY LAST WATCHLIST:

We have held 2284 the last couple of days. I will watch this level closely. Hypo one is to look to buy 2286 with T1 of 2292. Hypo two is to look for more resistance at 2293 area with T1 of 2286.

MARKET BREADTH or MARKET INTERNALS ($ADVN-$DECN in Think or swim)

Market breadth was neutral to bearish, hard to take a trade Tuesday based on this filter.

RECAP OF LAST WATCHLIST:

On my last watchlist we fell further than I anticipated but on my weekly watchlist I was looking to buy 2280-2283 for a push to new highs. This may work out but it may have been hard for some to buy at that level.

TODAY'S WATCHLIST:

We have not hit new highs yet but it is in the cards today for sure. If we hold 2290 I can see us hitting 2300 and beyond. We will see what happens. If we cant hold that level I would look to sell with T1 of 2285 and maybe hold a contract for a runner.

4pm open (for gap fill): 2290.75 (Wednesday 4pm)

NEWS TO WATCH:

None

Think or swim: First Notice Day For Contract Roll:_____ CLJ17 (APRIL)

Current contract: CLH16 (MAR)

LAST WEEKLY OUTLOOK:

I am still a little biased toward the short side under 54 but I wouldn’t be surprised if we pushed higher toward 55. I would still look to short here (54) and cover near 53.

RECAP:

Well shorting 54 worked okay but we never did hit our first target of 53.

WEEKLY OUTLOOK:

The low last week was Tuesday at 52.24 and the high was Thursday at 54.34. 2.10 points of range. We may have a good chance to stay bullish this week. If we can hold 53 I would buy this level and sell near 54.20 for a swing trade. We may even touch 55 this week. If we fall below 53 think we may come back to 52.10 or lower.

MY LAST WATCHLIST:

I am still looking for selling opps. We may find buyers today though so be careful. EIA numbers are at 10:30 so anything can happen. It is hard for me to come up with a hypo on these days.

RECAP OF LAST WATCHLIST:

On my last watchlist oil I did not make any targets. I just watched and let it play out since we had EIA numbers.

TODAY'S WATCHLIST:

If we can hold this 52.65 level we have a shot to hit T1 at 53.20. If we cant look to sell here at 52.65 with T1 at 52.20.

NEWS TO WATCH:

None

If you use think or swim, I added the quotes you can put in if you want to look at charts for yourself. Knowing these future levels I mention is also very useful if you track ETF's like UVXY, NUGT, UWTI, UGAZ and others.

TRADE AT YOUR OWN RISK TRADERS. I AM NOT RESPONSIBLE FOR YOUR TRADES AS THIS IS JUST GOOD PRACTICE FOR ME. BE CAREFUL OUT THERE.

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