10/12 SPY Trade Plan
CPI and Jobless Claims pre-market.
Traders,
The bulls are doing a fantastic job of pushing their way back into September’s value area, back above our 431.70 level.
We also almost wicked the MMs weekly expected high on the week, coming within .02. Look what also happened today, we closed inside. We should have a nice move tomorrow as long as we break the last 2 session’s range in my opinion.
We left last week’s value area in the dust. We opened the week two dollars above it and never looked back. We are now coming into a very key area. If you watched my weekend video, I said that this was going to be the next area of interest above 425.65. We have entered the gap, but it doesn’t fill until 438.43. We also have a weekly VAL and POC from the week of Aug 21st at 437.45-438.32.
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