Week of 12/17 for SPX ES SPY
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We finally had some nice clean two-way trading on Friday as the market tried to find balance. Everyone has their own bias so I do prefer when I can provide both bearish and bullish setups that work out fantastically. Short setup 3 called for a look above and fail of 4784.75 targeting 4765.75. This trade played out perfectly in 13 minutes, backtesting 84.75 to the tick from below and tagging 65.25 before reversing higher.
Into the open Market Makers had read long setup 1 and served it up for us. A warning was given to avoid shorting the hole, and those that missed the first long entry were given notice that they would likely get a 2nd chance entry.
I’ll definitely be looking forward to some more two-way trading early this week so we’ll have setups on both sides again.