Traders,
I hope you all had a great trading day.
Our overnight long runner minted +70 ES points which we finally closed out during RTH.
Let’s start with a recap, followed by a detailed plan with levels.
Session Recap (ES).
As per our daily plan, we were bullish on Emini futures above 5926; bearish if offered below. During the OVN session, ES struggled to bid 5926 and quickly traded down to our first target for bulls at 5912-5914. It was surprising to me seeing the strength in the VIX and that the market was not lower. This led me to believe the move below 5926 was fraudulent, and so we longed ~5914 in the room. This ended up being the OVN low. This led to a market that recovered 5926 and rallied into the cash session and never looked back.
We took advantage of this by closing half of our long for +20 and our runners at +70. Below are screenshots from telegrams sent to the room with timestamps. Time in PST.
Below we have our pivot shown by the blue line which illustrates how the market reacted to our plan given to paid subs.
I highly recommend joining the room now as prices are still lower than usual. They will be incrementally raised week to week to return to the normal price.
Spooz closed for business at 5982.
Market Structure.