Trade Plan, Week of June 23rd
Weekly / Daily Plan ES & NQ
Traders,
I hope you all had a great weekend!
Slow past week… did not trade much!
Let’s do a recap and develop a plan for the week ahead.
Recap of Last Week (ES).
As per the weekly plan, we were bullish above 6004 and bearish below. This level was immediately bid last Sunday globex. The result? A 100 point rally into 6100+. This rip was sold however and the market came back to retest our 6004 pivot. Sellers on Thursday got trapped below this level and got their faces ripped off again as the market ripped to 6070 Friday morning. We did not trade much which means it was not a great week but also not a bad week!
Below is how the market reacted to our pivot from the weekly plan, our pivot being illustrated by the blue line:
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 the week for business at 6016.
Market Structure.