TSLA Update and SPX ES SPY Trades for 2/9/24

RECAP:

I’ll recap TSLA first since the index was relatively uneventful. I said in last night’s post that I expected dips above 185.59 to be bought. I see you all read the post because 185.59 was indeed bought aggressively. I have updated where I expect dips to be bought tomorrow if TSLA is to continue on this potential bottoming sequence.

ES traded almost entirely within yesterday’s value and entirely within yesterday’s range. Our first long setup was the play today. It was yet another day where being a profile day trader was amazing and anything else was quite fruitless. The premarket look below and fail of 5005.25 is the trade that I took.

-For those that trade SPY/SPX, there is an ES to SPY/SPX converter in Tradingview. See announcements in the Discord.

Discord policy may change to a wait period in the near future. Instructions for access (free for paid substack subscribers) are HERE. Reminder that it can take a couple days to get the invite link and ultimately assigned member status once in the “landing” area of Discord.

-To learn more about what this Substack offers, please click HERE. I would like to avoid people signing up before they know what they are getting.