Week of 3/17/2024 for SPY SPX ES
Enjoy the Big Move while I'm Away
I’ll be on vacation this week but may still have some time to do some quick posts or updated, possibly in the discord in the evenings.
I did a recap of Friday separately to shorten these weekly posts. It was another amazing day and can be seen HERE
Last weekend I had posted this chart of IWM 0.00%↑ RTY into this 2100 resistance and box back test. Friday’s fail was confirmed this week.
QQQ 0.00%↑ didn’t fare a whole lot better, making it’s way to the bottom of it’s box today. I’ve added a few additional levels of interest for this week.
I’ve made some adjustments to the overlapping ranges on SPY 0.00%↑ SPX for this week:
In last weekend’s post I might the case for a bearish continuation on Monday which we indeed saw. This took SPX to the bottom of it’s box and a relative equal low with the 3/6 low where we covered a bunch of shorts. I chose to close out my short from Friday’s high on Monday which I feel pretty good about given the rip nearly all the way back up. It gave me the opportunity to re-short at higher prices the back half of the week. I’m not currently swinging short as I’m on vacation next week but if I see a compelling reason to do so then I just might. We are long overdue for a healthy pullback to recruit some fresh buyers and I’m happy to help facilitate that if indicated.
-To learn more about my trading style, please see my recent post “What is Trading Doggy Style” click HERE.
A few notes that I would encourage newer and potential subscribers to read first:
-Discord is currently still available (Free and included) for new subscribers but this may change soon. If you are looking for Discord access, see below instructions. Be aware it takes a few days to validate user info and gain access so please be patient. If you don’t have an invite link after a few days please check your spam folder. Instructions for access are HERE
-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