Cory4rex

10/2/23: Sell Setup on SPX

Short
BLACKBULL:SPX500   S&P 500 Index
10/2/23: Sell Setup: I was looking for a continuation set up on SPX. TK/SY session set a small range that held London but was taken out in the premarket session. This left a 1H/15m-FVG set up with a -OB on the 1H. Price trades into the 15m-FVG (L) and pushed down and failed to make a new low followed by EQLs being set in NY open session. Once the EQLs were made we traded back into the 15m-FVG(MT) and tapped into the mid point. I didn’t see the clean enter in the 15m but the 5m chart gave a great entry that I missed. My targets were the PDL, EQLs/Thurs PDL, and PWL.

No entry on the setup, had two attended two meetings back to back and I had to present on the calls.

This was the 1st set up I was looking for but I was on a work call and miss this one. This gave confirmations on the 5m/15m charts and this would have been a trade that would have hit the first target of 4274.08 then BE on the remaining.

This was the second entry I was looking for, higher into the 15m-FVG. NAS was also reaching into its own FVG which gave me a more validation this was a good setup. But as soon as we passed the mid point at 4297.80 it tanked without confirmations on any of the LTFs, even as far as the 1m chart.

This was the final entry, later than I would normally be looking for anything but also no confirmation and this was a good thing because the price could not take out the low and pushed back up off to the DL.


Sell
Entry: 4293.05,4297.80, 4284.39
SL: 4300,4303.65,4293.05
Targets: 4274.08, 4263.03,4238.23

We’re pushing up for now, we have NY session high, Weekly opening price, and Friday PDH

15m chart:

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