12/1 Trade Plan
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SPY
November is in the books! The VAH came in at 458.32 (July’s VAH is also 458.54), this area is HUGE. If this area breaks to the upside, we have some nice bullish potential. If I am a bear here, I do not want to be trapped above that area.
If you go back a few weekly posts, I said that there was potential to chase September’s high based on the monthly candles. Here we are, we even hit August’s high, but have yet to see July’s high and value area high.
If we cannot surpass July’s VAH, I think we have some nice levels below that could become nice dips to buy, I will cover those later.
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