Trade Plan for 10/23
The weekly posts for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Link to The Week Ahead
The re-launch of the course content is official and is now available to anyone. Course Announcement
SPY 0.00%↑ continues to consolidate in a range. As I’ve said many times, it is easy to get bearish when price is trading lower, and bullish when price is trading higher. My first comment this morning was to this effect:
The cash session opened, sellers immediately failed below yesterday’s low, and after some horribly choppy action price finally ripped to near the top of the range and failed. Something like this would be fair to draw on SPY but last week’s range can be used as well as we are currently trading as an inside week (hence the chop)
Our JOBY 0.00%↑ spec trade had a nice day today. MO 0.00%↑ and PALL 0.00%↑ as well and the rest were roughly flat.