PharmD Capital Trading with PharmD_KS

PharmD Capital Trading with PharmD_KS

SPX ES Bounce or Bottom?

Trade setups for 10/4/23

PharmD_KS's avatar
PharmD_KS
Oct 04, 2023
∙ Paid

Overnight futures sold off to SPX 4200 almost perfectly (ES 4235.5). Many traders would categorize the low as poor, and additionally reject the possibility of a major swing low/bottom occurring outside of RTH. I’m not a purist so I’ll allow it, but it is certainly less than ideal. What happens from here is more important. After reclaiming yesterdays VAL we have now completed a value traverse.

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