PharmD Capital Trading with PharmD_KS

PharmD Capital Trading with PharmD_KS

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PharmD Capital Trading with PharmD_KS
PharmD Capital Trading with PharmD_KS
SPY/ES for 9/12
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SPY/ES for 9/12

Well Okay Then Bulls

PharmD_KS's avatar
PharmD_KS
Sep 11, 2024
∙ Paid
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PharmD Capital Trading with PharmD_KS
PharmD Capital Trading with PharmD_KS
SPY/ES for 9/12
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Please click below for Discord access. Be sure to check your “junk” folder for the invite or sign up link.

LINK FOR DISCORD ACCESS

See the weekly post and watch the weekly video before reading: WEEKLY POST and VIDEO

Anyone telling you today’s action was just another normal day in the market is being a bit disingenuous. Intraday volatility has been extremely high and volatility works in both directions but today was quite wild. We were monitoring Friday’s range as a 3-day box on $SPY. On a failure to sustain above 5501.25 ES (yesterday’s spike) we were looking for weakness and potentially an engulfing day. We engulfed down and engulfed right back up 😳

The early

weakness made it all the way to the bottom of the box and incredibly price ripped from the bottom of the box to and through the top of the box. I’m not going to pretend for a second that I expected both the down move and the up move today ahead of time but I do believe it is readily explained.

In tonight’s plan I’ll discuss what I believe happened today but it plays in to much of what has been covered in recaps since late last week.

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

Trading Doggy Style with PharmD_KS is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

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