February 15, 2024 SPX, ES, SPY Trade Plan

Market Recap

Hello team. Going to make this one a quick one and get to the trade plan. High level recap take profits when you have them during OPEX. Whipsaw action again today where the market found a nice bottom to then target towards 5000.

From our trade plan and chat room we guided the path and trade plan after the session opened…

If VIX continues going down then a breakout of 4975 targets 4985-4990

Updates intraday provided to all our subscribers

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2/15 News Catalysts

For more information on news events, visit the Economic Calendar

Additional earnings reports will be coming out this week including $SHOP, $ABNB, $HOOD, $COIN, $ROKU, $UPST

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My Trading Rules

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February’s trading session seasonality…

SPX’s Seasonal Performance for February

It tracks with the larger yearly season calendar during an election year.

Election years are the second-best year of the four-year cycle, & the market has performed better with a sitting president running for reelection. There have been six election year declines greater than 5% since 1896 & the first five months of the year are stronger when the party in power retains the White House. But war can be a major factor.

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