Week of 2/11/2024 for SPY SPX ES
I posted a free (non-paywalled) post with an overview of some markets this week as I had done in January. Be sure to look it over HERE FREE before reading this post as this post will add to it and how we will play some of them.
In last week’s post HERE I said that I must be long above ES 4953-60, especially if we trapped below it first. You can see the trap lower on Monday and 4953 was never violated again. From the post:
For those of you that trade SPY 0.00%↑ or SPX we have a link to a converter that will translate my ES levels to SPX and SPY.
This week is monthly options expiration and will very likely set the tone into May. This week I will discuss how we will position for this based on how this week and next play out. I am including some further detail on IWM 0.00%↑ and high level QQQ 0.00%↑
A few notes that I would encourage newer and potential subscribers to read first:
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-I recently created a lower price/content substack for those that don’t have the time/bandwidth to trade regularly but want to stay in touch and learn. For details click HERE