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.

Happy trading,

Cindicator team

Risk Disclosure. Everything we post is for educational purpose only. Futures, options, equity and currency trading involves the risk of loss. Any opinions, news, indicators or other information contained in our blog is provided as general market commentary and does not constitute investment advice or recommendation to buy or sell any type of security, futures contract, or foreign exchange contract.

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