Market Analysis for The Week of 12/14
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In last week’s plan, I said I believed the risk of a liquidation break was elevated and that I would be looking for legitimate short setups to capitalize.
While I try to keep the Newsletter reasonably professional and at least objective, I had used slightly stronger language in the Discord on the Friday ahead of the plan.
The 730s on NQ in particular offered numerous multi-hundred handle short trades. The Wednesday night’s trade for Thursday was to get short on a failure back below 730s (more powerful after a failed break) and the same thing happened both nights. Wednesday night produced 350 handles and Thursday night produced 600.
A second chance entry was given premarket on Friday in the 622-641 which resolved for 500.
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