SPX ES SPY Setups for 11/27
Specific and Actionable as Always
Note: Discord is currently still available for new subscribers but as of the first of the year or possibly sooner, this policy will be changing. If you are looking for Discord access, see below instructions. Be aware it takes a few days to validate user info and gain access so please be patient.
Discord Access Instructions
For existing members, we will begin granting discord access immediately. At the end of the weekend, we will probably have to pause for a few days to get caught up with existing members. We will start adding new members that join next week on the following weekend. Here are the instructions for access.
Though last week was low volume/low participation in general, we do find ourselves with a number of structurally relevant areas into this week. We may have seen our first sign of buyer exhaustion, but we will be cautious in interpreting this because of last week’s low participation. Every profile trader will be monitoring Wednesday’s excess high of ES 4580.5. It is worth noting that this occurred at the SPX 8/1/2023 low with a remaining SPX price gap at 4576.72 which correlates to the ES RTH gap at 4591. We also formed a bit of a double distribution up week with a very key and obvious LVN pivot to be used early in the week. I will also be watching NQ/QQQ and NVDA closely this week, possibly with posts on both later today.