SPX ES SPY Setups for 11/13
Tomorrow every setup has a rather good grading. I’m not sure if I’m just in a good mood but it sure looks like there are some fantastic setups for both sides. As usual these are included and graded below.
A recap of Friday’s action along with some important context was included in the weekly plan so be sure to read it if you haven’t. This week we have a ton of data along with VIXperation and mothly OPEX so any action on Monday can of course be undone quite quickly. We have CPI on Tuesday morning, along with some important earnings. I’m particularly interested in HD as it will provide some clues about the health of the economy.
We continue to have rather horrible structure below us. Should we continue higher directly from here, I’ll again reiterate the importance of keeping the range I provided (in the weekly plan) on your chart or notes at least until it has been fully traded through. It truly is now the most important range for the index.