Today is OPEX I wouldn’t be shocked if we see a selloff that is then followed by a rally. OPEX gives wide ranges and traps all over the place with failed breakdowns or breakouts. It can also produce V shaped rallies or upside down V’s. Stick to the key level and IF we are not in one of our key levels to trade don’t trade then. There is a reason why some of the data has gaps in levels cause they will be hotly contested zones and the last thing you want to do is be caught in the middle of it.
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March 17, 2023 SPX, SPY, ES Trade Plan
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Today is OPEX I wouldn’t be shocked if we see a selloff that is then followed by a rally. OPEX gives wide ranges and traps all over the place with failed breakdowns or breakouts. It can also produce V shaped rallies or upside down V’s. Stick to the key level and IF we are not in one of our key levels to trade don’t trade then. There is a reason why some of the data has gaps in levels cause they will be hotly contested zones and the last thing you want to do is be caught in the middle of it.