SPX ES SPY Trades for 1/22/24

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.

RECAP:

Friday there was only one trade needed and it was our first long setup that price approached since we opened on a true gap up. This is another example of why I don’t call out numerous live trades each day. Some days there is a single trade that remains valid all day. From The plan for Friday (gratuitous typo included):

Price gap opened at 4822, tested higher to 4825.5 in the first minute, and then pulled back to 4815 for low of day.

We then finally broke out of the multi week to the balance in a ferocious move to the upside. See full recap of the balance and how we will evaluate for a sustained vs false breakout on the weekly plan seen HERE

Some additional markets worth making note of in a non-paywalled post seen HERE

To learn more about how I trade and what we do see HERE