Another abbreviated post tonight since I have covid and we have a binary event tomorrow with PCE, jobless claims, and PMI.
Yesterday in the discord I issued the following warning following the back test and hold of the critical 5066.5 spot on ES:
Indeed, it was “too easy” and he reloaded shorts in the high 80s after the 93 fail just after the close yesterday. He was in the tape all day today capping the upside action. If he fails to break things down tomorrow, then we will simply work against him if he gets squeezed and enjoy the ride up. If buyers from the last few days become trapped, then we will be short as they liquidate.
To learn more about how I trade, see the post “What is Trading Doggy Style” Here
-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.