E-mini S&P 500 Futures: Trade With Crowd Indicator. +0.3% in a few hours
Our analysts were thinking about shorting E-mini S&P500 futures on Friday, August 26; hence, we published a question concerning the Yellen’s speech:
Investors wait for Friday’s speech from Federal Reserve Chair Janet Yellen for clues on when to expect the rate hike. Will S&P 500 Index close the week ended August 26 below 2170?
According to Cindicator users, the probability of such a move was 61%. Therefore, we shorted one E-mini S&P 500 September future contract at 2175.75 at 03:00 AM on Friday, August 26.
S&P 500 future price fell as low as 2157.5 during trading hours on Friday, August 26. Nevertheless, our traders closed the position at 2165.
Gross profit was $537.5 (almost 0.3%) in a few hours.
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