Latest Plans
Read the latest insights into the S&P 500.
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ES Weekend Prep Dec 22
Last week saw major liquidation with late longs going into FOMC. Thursday was an inside day followed by weakness in the overnight session going to into PCE Friday morning. Going into this week will use Friday’s range as a guide. Friday’s low during RTH 5898.50 as the halfback of
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ES Weekend 12/8
We continue OTFU on the weekly and daily. I want to be slightly cautious above here, not because it’s bearish, but simply because we’re above a 2 sigma deviation (SPX 6073) of the YTD vwap (SPX 5405). In the past, price has whipsawed at this deviation up to the 2.5.
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ES Weekend 11/10
Massive move last week. Regardless of the election outcome, seasonality wise, long for the election has been the plan. Now, the dust will be begin the settle and will be looking out for new balance to form. Until Daily OTFU (one-time framing up) ends, trend up is your friend. Buyers
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SHOP
Pulling back into an area of resistance turned support. Above 80 and retest recent highs. If accepted then the gap fill at 88.98 would be the main target. Risk level is below 77.10