1/8 ES plan updated. Anyone who’s been following can see we are back to extreme volatility, gone are the days of 10 point chops and now we can easily move 40+ points in a single 30 min candle. We are in a downtrend with what I described a few days ago as crash and squeeze, crash and squeeze. For today, the next selloff comes at the loss of yesterday’s low, which...
If CME_MINI:ES1! fails to reclaim 5585 before todays close, expect a multi-day sell off with a first target of the 50 day moving average
11/6 ES SPY SPX PLAN. Last weeks Squeeze was the biggest since November 2020! Clearly bulls are in full control and buy the dip is now the main theme. But where are the most important dip buys? Any bold level labeled major support is a place I’d consider a small size knife catch. Todays key levels are the red trend line on ES and 50dma on SPY, if those fail I...