January 9, 2024 SPX, SPY, ES Trade Plan
Market Recap
Hello fellow traders what a day we had yesterday. What a start to the week and a nice squeeze of some small bag holders shorting. Now before I go and declare this is time to go long and full port - I still think danger lurks. Why? Let’s find out more below…
While we had a nice rally today this started with a low volume day and as we triggered a break of 4730 the algos kicked in and the difference in volume pre and post lunch is interesting to see.
🚀 Elevate your trades for under $0.30 a day! 🚀
Gain access to key levels, expert trade ideas, and daily intraday plans for just $15/month. Time's ticking—seize the opportunity! Act fast - these prices won't stick around!
Click subscribe now and accelerate your journey to trading success. 📈💰 #TradeSmart #LimitedTimeOffer"
So why am I not super bullish? My “prediction” is that we are going to see a test of last year’s highs, but when we find that “top” I think there is going to be a selloff that will give us a great opportunity to short and even swing. We are talking about a 2-4 week timeframe where this opportunity is going to be one we don’t want to miss.
Why do I think this? Well let’s share an updated view of BPSPX…After today’s rally you would think it would get bullish, at minimum a green bar right. Nope, red bar.
Let’s bookmark this image and come back to it each month…
Just a reminder for those not subscribed to our monthly paid service the newsletter will end here for you. You can still join us for the rest of the journey by subscribing below.
"Don't let the perfect swing trade slip through your fingers! 📈 Join us so you know when to take that trade…
Get daily SPX trade plans and exclusive trade ideas on individual tickers. Hit that subscribe button below. 🚀💰 #TradeSmart #TimingIsEverything"
Keep reading with a 7-day free trial
Subscribe to Dark Matter Trade to keep reading this post and get 7 days of free access to the full post archives.