SPX SPY ES for 4/1/24
Friday was a rather boring narrow range trading day which I expected and explained in the Discord. I personally didn’t take a single day trade until the end of day short. If you are really fast with scalping the day actually offered some really great trades but that isn’t for me. I gave the look above and fail potential short setup 6 minutes ahead of the 11:30 swing high as I sensed weakness, and it was the first valid short setup of the day. I didn’t personally day trade it and just took a trim on my calls.
The last target of 5305 hit and that was the entire expected move for that trade. I wasn’t able to call out the long from there since I was on lunch but that was a great long which essentially targets a 100% retracement of the short which is the beauty of a balance day.
The late day short was part of what I call the “late day reversion trade.” If you aren’t familiar with volume profile, I am almost finished with a free series that introduces the absolute basics that can take your technical game to the next level. At that point some of reasons I make these decisions and reads will make more sense. I’ve left the volume profile on there for those that are familiar.
I say take your time and soak everything in when you join the Discord. The same is true for Trading Doggy Style School (currently full but reopening soon). Today was a good example: Newer student meets established student 😂
I’ve included a free trial offer for 7 days. See HERE. It will not include trial access to discord as it is an administrative nightmare. Be sure to request your discord access if you continue beyond the trial period.
The full weekly plan and commentary should be reviewed ahead of this post and can be seen HERE
I’m actually going to start reading the weekly post every single morning when I wake up to remain mindful of higher time frames.
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.