Trade Plan for 10/28
SPY and QQQ
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
As mentioned in the weekly plan, some of the warning signs from last week’s plan played out. IWM 0.00%↑ in particularly was sold pretty hard and DIA 0.00%↑ went from relative strength to dangling by a thread. QQQ 0.00%↑ is the most constructive as of now but is still in range. SPY 0.00%↑ bulls have a chance to punish some late sellers from Friday, but if they don’t step up pretty quickly then I’ll have to exit some longs and flip short. I prefer higher first, but have no problem flipping short to find a more durable low if last week’s was insufficient to trigger the next leg up.