January 19, 2024 SPX, ES, SPY Trade Plan
Market Recap
Hello fellow traders. Today was a fun day. This is what we do best when there is range,
and I thrive and our success is your success. We also had QQQ/NQ reach a new all time high - ATH. Amazing how tech continues to achieve this feat, but SPX continues to tease ATH levels…
The chat room was on fire 🔥 today! We started the day following our trade plan and sending the signal and confirmation to take the long above 4750. While I may not always start the chat room prior to the session open I do this purposely as I don’t want any feedback to cloud our trigger reason. It wasn’t until about 10:05 and when the chat room opened at 10:08 I started to share my thoughts. At around 10:11am all my signals confirmed to take the 4750 long to 4765. It was a slow and steady move at one point surprising some of us who didn’t lock profit at 4764. We got a second chance where again I sent an alert in the chat room to lock profits and wait for the next trade signal.
We have kept our chat room open to all traders during this volatile OPEX week to ensure no one gets bagged.
Starting Monday the chat room will exclusively be available to paid subscribers of this newsletter.
You have seen what benefits it provides and the kinds of triggers at key levels to net major profits.
It's less than 30cents per day. 30cents. That's it...These prices will only increase as we continue to prove the worthiness of our newsletter and real-time intraday chat room guidance.After lunch I sent a trigger to our chat room to go long and play a lotto as a big move was expected to come. When I triggered this long the 4760 call’s premium was trading between .85 and 1.20. It hit a high of 25! Just amazing folks.
Again a great day, awesome interaction with fellow traders in the chat room, and we all walked away very happy today.
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Here is an updated AAII Investor Sentiment Survey. We are starting to normalize towards historical averages.
Interesting look on the daily chart of BPSPX. We are about tag the 50MA. One of the reasons I am waiting to trigger our swing put is I want to see the reaction here. Are we going to find a bounce from there or will it continue to fall and help give confirmation to our swing trade?
Here is a seasonality chart day-by-day of the trading sessions in January…
Let’s bookmark this image and come back to it each month…
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