SPY/ES for 8/26
Please click below for Discord access. Be sure to check your “junk” folder for the invite or sign up link.
Here is a link to the free video from 2 weeks ago THE PATH TO NEW ALL TIME HIGHS. It still applies. I also did a video Thursday night and accidentally made it public so might as well share it. It also still applies as Friday was an inside day JACKSON HOLE PREP
I have created a separate room in the Discord for those that are not able to day trade and can’t have alerts going off all day from the intraday commentary. This room will be specific to swing trade entries and setups, and high-quality day trades that have the opportunity to turn into a swing. I hope that this helps members who work or have other responsibilities to filter out the noise. Previously, major swings and investments were often lost within the intraday commentary. I will be adding more of these trades as well. For additional color see here ANNOUNCEMENT.
We were not surprised by the overnight float up Thursday night and, in fact, many of us were long for it as disclosed in the Thursday night plan for Friday.
The action was definitely wild and crazy at times but ultimately the box was respected at both ends as it was an inside day. Frankly you can glean the plan for Monday and the week if you’ve watched the above videos and my free video on Box trades BOX TRADES
Bitcoin:
We are long Bitcoin from roughly 56.8K. I made a request of market makers to deliver us a massive green candle to 65k on Friday and they were kind enough to oblige. We took some profits there but still hold a significant core position.
The first 5 parts in my free series explaining some basic profile concepts is now available at www.pharmdcapital.com. Click PharmDCapital This section and other free material will be added to over time. Scroll down to the “Want a Taste” section to read it.
To learn more about how I trade, see the post “What is Trading Doggy Style” Here