March 1, 2024 SPX, ES, SPY Trade Plan
Market Recap
Hello team and welcome to another daily SPX trade plan. Another fight intraday where price just dragged on and on. If you do a recap of the day and compare it to our trade plan the following trade ideas worked out extremely well…
If there is a failed breakout of 5090 target 5080-5075
Below 5075 target 5065
To round out the day prior to power hour (2pm est) we sent an update to our Discord that if 5080 held and price broke above 5085 we would target 5100…What did price do? Exactly this, it broke 5085, sold back towards 5080 - typically a sign of stop loss hunting before a leg continues and a key support holds - and off she went…
For how mute the market has been in movement this week I feel really great being able to direct us through some of this mess. It is literally quick 10-15pt scalps and out. Some like this and some don’t. What we know for sure the market is starting to coil for a major move up. Go look at the 3900-3800 zone last year where we traded in this range for over a month consolidating and coiling before the breakout.
Let’s jump into the trade plan…
Transition to Discord
For existing subscribers an email was sent with direction - see subject line Transition to Discord - otherwise send me an email at darkmattertrade@gmail.com.
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3/1 News Catalysts
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