Traders,
I hope you all had a great weekend / trading session!
Not many trades at all and ended the week basically breakeven.
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 5940-5956 and bearish below. The pivot given in our plan to paid subs acted exactly as any good pivot should. Resistance earlier in the week, then eventually flipped to support later in the week. We did not trade much at all. Conditions made execution a bit difficult, but we are excited for the week ahead and are optimistic that conditions will improve so we can print!
Below is how the market reacted to our pivot from the weekly plan, our pivot being illustrated by the two blue lines:
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 6007.
Market Structure.