Traders,
I hope you all had a great trading day.
No intraday trades today due to market stagnation.
Let’s start with a brief recap, followed by a detailed plan with levels.
Session Recap (ES).
As per our daily plan, we were neutral on Emini futures between 5965 and 5988; bullish if bid above 5988; bearish if offered below 5965. The market essentially consolidated for the entirety of the overnight and cash session. Offers below 5988 failed to gain traction and bids above failed to hold firm. We avoided trading entirely due to the lack of market generated information and volatility. Chop city!
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 5978.
Market Structure.