SPX SPY ES for 2/22/24

We finally got our proper 4960 test on ES today and buyers certainly passed the test. This triggered our daily preferred long setup and the rotation back up to 5011 and 5017.5. After hours closed at 5018.75 and as of now price is exploring much higher in the early overnight session.

From last night’s post:

At this point everything looks very obviously bullish. There is no reason to think otherwise, but as always I will spend tonight’s post discussing what it would look like for this move to unravel in the same way that anyone short today was prepared for today’s move off 4960

-For those that trade SPY/SPX, there is an ES to SPY/SPX converter in Tradingview. See announcements in the Discord.

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.

-To learn more about what this Substack offers, please click HERE. I would like to avoid people signing up before they know what they are getting.