11/01 Trade Plan

SPY QQQ Monthly profile update.

Traders,

October is in the books; SPY is down roughly 9% since the recent swing high back in July, and QQQ is down 9.5%

SPY

The monthly profile is complete for the month of October and the levels are,

VAH = 435.51

POC = 422.50

VAL = 420.31

1D SPY with Monthly VP

We really need to be mindful of the POC and VAL. If we were to trade in this area again, and then we were to reject back down, We will more than likely head to March’s value area around 400. If it can hold, we could see 435 again.