SPX ES SPY Setups for 1/18/24
Discord policy may change to a wait period in the near future. Instructions for access (free for paid substack subscribers) are HERE. Reminder that it can take a couple days to get the invite link and ultimately assigned member status once in the “landing” area of Discord.
Trading Doggy Style
The interactive portion of the course has started so be sure you are in discord and have your TDS role assigned and have the TDS rooms visible. Late registration is open until Thursday night.
With yesterday’s late day squeeze there was quite a bit of bullishness into the close. I took the other side of that. From last night’s commentary:
Our first short setup played out early premarket and never looked back. Sellers indeed stepped in and absorbed buyers in the 4800-4801 range and the liquidation began.
A second chance entry was offer with short setup 2 playing out later in the overnight session with the ideal entry the 2nd arrow just before 7:30am
The RTY short also played out over a couple of days as expected:
A technical entry was shared yesterday in the Discord for a TDS student that was asking about it and it worked beautifully, resolving to 1908.2 target before finding its footing.
We now have both RTY and ES testing critical areas. Will markets continue to bleed, or did we find a swing low today?