SPX ES SPY Setups for 11/30
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On Monday night I posted the setup for an outside day on Tuesday, including a free video explaining how I am able to call these ahead of time so consistently. Last night I posted on twitter and substack (as a restack with comments) the possibility that we might get one today as well. We fell short of a fully outside day by 6-7 handles so it turned out to be quite a terrible call 😏
We had been on close watch for a potential swing high since the initial excess high into 4580.5 ES, but I will not front run a potential short and risk your capital until there is something objectively bearish. We still have not had a single day that has found acceptance/continuation below a prior day’s low. Thus, objectively there is nothing to see here. However, this can change with a negative reaction to tomorrow’s data. Alternatively, a bullish response to data could trap a lot of sellers from today and see a major move higher, negating today’s weakness. We must therefore be prepared for both scenarios until the trend materially changes.