SPX SPY ES for 7/17/24
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The full weekly plan and commentary should be reviewed ahead of this post. My NQ levels and a QQQ 0.00%↑ trade idea are included ABOVE the paywall. I covered IWM 0.00%↑ DIA 0.00%↑ and bitcoin along with SPY 0.00%↑ (though not in the same depth) WEEKLY PLAN
Today’s top setup played out overnight and it left the RTH action on SPY 0.00%↑ a bit choppy. The cleanest trades were in IWM 0.00%↑ and $QQQ. IWM 0.00%↑ has done nothing but climb the solid purple levels from the weekly plan without threatening 2100-2105 for those who were so inclined to take longs. From the weekly plan:
From the SPY 0.00%↑ plan last night”
We continue to make higher highs and higher lows on a daily basis. We remain extended to the upside here and caution is warranted into monthly options expiration, but any shorts prove relatively fruitless and are to be considered scalps only until conditions change
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