June 7, 2023 SPX, SPY, ES Trade Plan
June 7, 2023 SPX, SPY, ES Trade Plan
Good evening/day/morning traders. Unfortunately, I had a personal conflict yesterday and don’t have a full trade plan for today, but here is our bullish and bearish bias ideas.
For intraday updates please follow me on Twitter @DarkMatterTrade.
SPX/ES/SPY Trade Plan
Remember you can use this SPX trade plan to trade ES or SPY. ES value is approx. 6-8pts more than the SPX levels shared below. To get SPY levels simply take the SPX levels below and divide by 10.01.
Bullish bias:
Above 4285 target 4300
If there is a breakout of 4305 target 4320
See Volland30
Use VOLD indicator for trend continuation
VIX should be decreasing
If there is a failed breakdown of 4275-70 target 4300
See Volland30
Use VOLD indicator for trend reversal
VIX should be decreasing
Bearish bias:
Below 4275 target 4255
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.