SPX ES SPY setups for 11/9
Shall we see an engulfing day tomorrow?
Once again, both of our top 2 setups played out exactly as described. The first was the overnight long which involved a sweep of 4389 and reclaim of 4390.75 which ran overnight into the open to high of day at 4407.75 (see 1st picture below). The second was the juicy short setup on the look above and fail of 4402.5 (typo in post said 2.25 but the level provided was 2.5) into 4405-7 range. A reminder of this setup was posted in discord before the open as well. High of day was 4407.75 and low of day was 4375 off this setup. Trims on this short were also posted in the discord ahead of time.
Today we had our first sign of our big seller returning since 4122, and we have a setup for an outside/engulfing day. I’ll add some discussion on that but first our levels and specific trade setups for tomorrow: