October 20, 2023 SPX, SPY, ES Trade Plan
Market Recap
We had 4 trade ideas hit yesterday…
Below 4305 target 4290
If VIX continues going up then a breakdown of 4290 targets 4280
If 4280 breaks and closes on the daily below target 4250 (note 0DTE)
Above 4320 target 4335
The market is in the middle of a trade we shared yesterday but suggested not to buy 0DTE to let it play out. That is trade idea 3 and it looks like we are getting ready to target that zone.
Not sure if we will have a chat today - had issues with WiFi on my plane today so sharing it as fast I can.
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SPX/SPY/ES Intraday Overview (TL;DR)
OPEX day today. Look for a bunch of randomness and reversals and weird day of trading. Go lite today don’t be a hero and best of luck traders.
The bears want to keep price below
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