SPX SPY ES Setups for 12/5

Fine, Just Do it all Monday then

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In the weekly post I expressed my skepticism of Friday’s breakout and thus we were prepared for a nice short. We certainly got that today. I had hoped that we might first take out last week’s highs to give us the possibility of a proper outside week (take out both the highs and the lows of last week). I walked thru step by step how this would happen. We did not take out last week’s highs first, but instead we simply sold off directly and nearly all targets were met.

From the weekend post:

So now that the trade played out almost entirely today, what are we looking at for the rest of the week?