Trade Plan for 12/12
We're So Back, Right?
The weekly post for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Link to The Week Ahead
You’ll notice that the subtitle last night was “It’s So Over, Right?” We were at what I assessed to be the bottom of a developing range. Today’s high came into the top of the range, hence tonight’s subtitle.
In last night’s plan I included a couple of Easter Eggs for those who have continued to read the free content. I’m sure many of you get 10-15 emails from this platform per day so I appreciate those who take the time to read.
Be sure you have read the Trading Doggy Style Starter Kit. I will be adding to this over time, likely first focusing on example executions. Trading Doggy Style Starter Kit. I’ll will be adding an update to this with additional content soon.
You would have had to be a futures trader OR trading options or leveraged ETFs during premarket to catch the meat of this move in this instance.
Once yesterday’s low offered nothing for it, yesterday’s low was confirmed as the bottom of its range, and it ripped right back to the top.
As seen on SPX:
I included a box on QQQ suggesting that yesterday’s low was the bottom of its range as well.
Today’s move took the Qs to and through the top of the box.
