SPY/ES for 9/9
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See the weekly post and watch the weekly video before reading: WEEKLY POST and VIDEO
As mentioned in the weekly plan, the bleed out after hours on Friday was a pretty bad look (for sellers) and was indicative of forced selling to me. IF this forced selling is done then I would expect more savvy buyers to step in and buy the puke even if only for a trade. If the forced selling is not done, then we run the risk of significant technical damage triggering a fresh wave of selling. This key technical level is the same level that I discussed with Capital Flows on the X spaces the week of 8/4 and is the same key level discussed in the free video “The Path to New All Time Highs” from 8/11. The video is still publicly available and can be found on YouTube. LINK TO VIDEO
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