February 23, 2024 SPX, ES, SPY Trade Plan

Market Recap

Hello team. Yesterday’s session provided us with my favorite trade setup - a failed breakdown or breakout of a key level.

Even with a major gap up our trade plan was able to capture a 55pt move in the market! Today’s trading was easy thanks to our trade plan where we had a target of 5040 and a breakout of it to target 5055. While we opened at 5051, sold towards 5040 and held it this triggered a failed breakdown of a key level and off to goes the squeeze.

From our trade plan yesterday we provided you with these ideas…

1. Above 5025 target 5040

2. If there is a failed breakdown of…

3. If VIX continues going down then a breakout of 5040 targets 5055

We also shared real time updates throughout the day guiding our community on the long trade we were in. Heck we even had a perfect call on taking profits near the highs of SPX at 5095.

Providing key analysis of the market all in real time

Solid day for the community really happy and proud. Your goal tomorrow…don’t give back your profits and manage your risk. That was a heck of a ride and we all enjoyed that long train so make sure you leave the week paying yourself and being #paytient with trades tomorrow. Let them come to you…

If you have not had the chance to subscribe to our new Discord please visit us and get a 5 day free trial!

---

For our free trial subscribers you have had a sneak peek into our daily trade plans and more importantly our intraday trading/chat room. 

Don't miss out on these trade plans and intraday updates for as low as $29.99/month.

5 day free trial available!

SUBSCRIBE

---

2/23 News Catalysts

No major news catalyst…

For more information on news events, visit the Economic Calendar

---

My Trading Rules

---

February’s trading session seasonality

SPX’s Seasonal Performance for February starts to show some weakness

It tracks with the larger yearly season calendar during an election year.

Election years are the second-best year of the four-year cycle, & the market has performed better with a sitting president running for reelection. There have been six election year declines greater than 5% since 1896 & the first five months of the year are stronger when the party in power retains the White House. But war can be a major factor.

---

Just a reminder for those not subscribed to our monthly or yearly paid subscription the newsletter will end here for you. You can still join us for the rest of the plan where we discuss key levels and entries to take and targets. Subscribe below. 

SUBSCRIBE

---