Plan was given... Plan was executed.... another winning trade Have a wonderful weekend ! Stay Frosty!
8.16.24 We have a couple scenarios: Where would I want to be bullish with confirmation: Above 5543 if we get to and catch a bid at 5506 if we get to 5581 and hold Where I want to be BEAR with confirmation: Below 5543 If we get to 5581 and catch an offer. Below 5581 If we get to 5506 and stay below If you want to see more of my SPX plans for day...
SPX Breakdown: My Philosophy is price is king and KEEP IT SIMPLE. Here it is. Today My Plan for SPX intraday... Es to Spx 4752. Spx Bull case Open above 4752 we can test 4762 with 4769 and 4774 (this is my preferred move at opening, then adjust). SPX Bear case Open below 4752 and stay below 4752 we can test 4742 with 4733 and 4728. Hope you enjoy!...
Seasonality is pervasive in financial markets. Some are benign while others are not. The “September Effect” refers to a month when equity returns gets crushed. Typically, this is followed by a volatile October. Other well-established pattern in equity markets is the "Santa Claus Rally" which is known to occur during December. Equities go bullish with increased...