November 2, 2023 SPX, SPY, ES Trade Plan
Market Recap
Another great example of waiting for our levels and reacting to breakouts or beakdowns or failed ones. In our plan yesterday we mentioned 4170 as our key level for bulls to hold in order for continuation towards 4200. Well in overnight action while we did sell where was the lows of ES? 4191 which is 4171 on SPX. Can’t get any perfect then that.
This is when I wish I traded more futures action, but I prefer my sleep ha. We ultimately hit 5 trade ideas from the plan including one bearish idea. Below are the trade ideas we had…
Let’s get into our trade plan…
SPX/SPY/ES Intraday Overview (TL;DR)
Tomorrow pre-market we have Unemployment Claims. Outside of that pretty quite on the news front.
That means if you are bullish you want price to break 4250 - simple as that. What zone is defended well?
