Market Analysis and Trades for 2/25
2 Spots to Long, and 2 Spots to Short
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The weekly post and for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Link to Market Analysis for The Week Ahead
If you read even the free section of the plan for today you knew where I am at with respect to indices. We still remain in a very large range and price is objectively neutral on high time frames because of it, but I am cautious. We can take both longs and shorts but while making lower highs and lower lows on the 30-minute time frame I favor shorts.
We did have one planned long for today which worked quite well. I’ll share the full setup as I believe it proves rather educational.
We can see that the 5989.5-6002 single prints (green) have continued to protect the key higher time frame 6002-6012 range
These single prints are certainly weakened now so we will need to test lower to find stronger buyers if we don’t see a ferocious rally overnight that is sustained at open tomorrow. We’ll have that spot for a potential long setup for tomorrow, along with spots to short on pops.
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