SPX SPY ES for 7/5/24
Will the Box Breakout Hold?
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The full weekly plan and commentary should be reviewed ahead of this post and can be seen HERE
The plan for today was pretty much “TLDR BTFD.” The only question was where. From last night’s commentary we were watching 5558.75-60. We were still open to lower but this area was quite strong. From last night’s commentary:
I personally had to chase it a bit as I had been driving this morning but it fortunately offered a couple premarket entries as a higher low re-bid came just below 62
We have a futures session only tonight into tomorrow, then futures open tomorrow evening ahead of Friday. We have NFP Friday and are likely to see some low volume after some initial volatility on the print. As of now the SPY 0.00%↑ and QQQ 0.00%↑ boxes have broken out to the upside. We now monitor for that breakout to be sustained.
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