July 6, 2023 SPX, SPY, ES Trade Plan
July 6, 2023 SPX, SPY, ES Trade Plan
Hello team and an early Happy 4th of July.
Our levels from yesterday stay the same. Quite the selloff this morning on jobs numbers and in yesterday’s plan we said stay and go bearish (not 0DTE) especially after losing our key level of 4450 prior to the close yesterday.
I will use tonight's trade plan to further explain why I went bearish prior to the close yesterday and leading into today's major news events.
We do have ISM Services PMI and JOLTS Job Opening still to come at 10am est.
$ES levels add 38pts. $SPY levels divide by 10.04.
Don’t forget to watch for updates on Volland30 and keep an eye out for VOLD for trend continuation or reversals.
For intraday updates please follow me on Twitter @DarkMatterTrade.
To cover our basis…
Welcome to my Substack where I provide a daily SPX trading plan to help guide my intraday trading. The purpose of this letter is not to advice you on your trading or investment decisions. I am simply documenting my daily trading plan for myself to help with planning and execution. These are simply my opinions and the data sourced from the likes of vol.land, TradingView, Quant Data and others. The stock market is risky, gains are not guaranteed. This is not about getting rich quick, but learn to educate yourself and make the necessary financial decisions on your own. This is not financial advice.