SPX SPY ES Setups for 12/8

Let's Roll

Two notes:

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Last night’s subtitle was “I Did it, and I’ll Do it Again” and I was incredibly disappointed that I did it again. I’ve wanted to be bearish on price primarily because volatility makes for better trading range, but we knew that at minimum we would have to offer 4545 from below to see any kind of sell and we had 4 different reasons why we might hold there.

We opened right within the 4575-4580 range and there was a 40 minute battle which ultimately resolved higher.

We had a second (and frankly better) opportunity to get long on the pullback at 11:15 EST. This spot (along with the likely pullback) was identified and called 20 minutes before it occurred. It held perfectly and ultimately resolved 24 handles with no appreciable pullbacks.