-For those that trade SPY/SPX, there is an ES to SPY/SPX converter in Tradingview. See announcements in the Discord.
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RECAP:
Friday was a pretty wild day. Following the enormous move up after-hours on Thursday with earnings, the entire move was retraced on an incredible hot NFP. Fortunately, we were prepared for this eventuality and this was shared in the free preview section of Thursday night’s post:
A number of interesting divergences took place on that move higher that left me suspicious of the initial move. We consolidated overnight but price then did indeed liquidate on NFP to back test 4928 and open essentially flat, before ripping higher nearly 70 handles off the back test.
The caution was given to avoid shorting at 10:43 EST (discord is EST-2 for me)as a trend day was clearly in the works.
There were very few appreciable pullbacks until a liquidation at 12:40 EST. Fortunately, the dip buy opportunity at 4960 had been identified at 12:15 EST with two additional fresh warnings not to get trapped in any shorts.
Without understanding my terminology at this point (abbreviations and videos available in the discord), the clean technical back of this spot can be seen by zooming out and looking left. Breakout→backtest-> Resumption higher. 4960 sellers had indeed become 4960 buyers (resistance/support flip):