SPX ES Bounce or Bottom?
Trade setups for 10/4/23
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.