ES and SPX Trade Plan 10.13.23
The primary level yesterday plan was 4430-4450 zone which was expected to be resistance for longer time frames as well as for the intraday session.
We could barely do any trading above this level and we traded down into 4400 even before the cash session opened for business. 4400-4410 has even an important level for past few sessions and I expected some support to come in here which was indeed the case as we saw about a 20 dollar rally from this level.
Eventually this level broke down, support became resistance and we traded down into 4350 in afternoon.
Scenarios for tomorrow
While I liked the action at 4430 as a longer term bear, I did not like the bounce from 4350.
For tomorrow’s session, both 4380 and 4350 could be important levels.....
Trade safe and Stay Frosty!
For more info on today Plan link below .
We could barely do any trading above this level and we traded down into 4400 even before the cash session opened for business. 4400-4410 has even an important level for past few sessions and I expected some support to come in here which was indeed the case as we saw about a 20 dollar rally from this level.
Eventually this level broke down, support became resistance and we traded down into 4350 in afternoon.
Scenarios for tomorrow
While I liked the action at 4430 as a longer term bear, I did not like the bounce from 4350.
For tomorrow’s session, both 4380 and 4350 could be important levels.....
Trade safe and Stay Frosty!
For more info on today Plan link below .
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