10/19 Trade Plan

SPX SPY QQQ GOOGL

Traders,

If you watched my Sunday market overview video, you would notice that it’s coming together quite nicely. I said that bulls need to break 438.43 it order to continue up. So far that area has yet to break.

SPY

30min SPY

We finally had a meaningful close under last week’s value area low at 432.07. This means that we are either going to go find value somewhere else aka 425, Or we are going to get back into a weekly balance above 432.07 and make our way back to 438. ER this week throws a wrench in how perfect this is, but it’s not over yet. We can 100% still see that 425 area.

For tomorrow, if I am a bear, I want to see this below 428.71. If that happens, I am fairly confident that 425.65 trades.

SPX (US500)

30mins US500