SPX SPY ES Setups for 12/4
SPX SPY ES
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The weekly plan discussed both a potential swing short and a potential swing long setup. Frankly either of these entries could present on Monday and work as day trades as well. On Thursday night I did something that I generally don’t do when we’re trading in a balance, I took a bias into Friday. As you know I make bias clear when it is clear, and when we balance, we simply play both sides of the tape as indicated in the setups. I posted my reasoning in the commentary and graded the first long setup an A+ and it ultimately delivered a 40+ point move with our risk never threatened. From Thursday:
Which leads us to the question everyone will be asking:
