Trade Plan, March 13
Daily Plan ES & NQ
Traders,
I hope you all had a great trading session!
Buying the dip did not work today, but our bias remains up.
Let’s briefly recap and get straight into a plan and levels for Friday.
Session Recap (ES).
As per our daily plan, 6780 was our pivot for the session. ES sellers defended our 6780 during the close of Wednesday’s session and ES sold off over 70 handles as a result during globex. We tried buying the dip a couple times. It worked once at 6714 for a 40 handle bounce. It did come all the way back however and we tried buying the dip again but no cigar. We like these prices for longs. The current price action does not reflect what we think is to come. Let’s have some patience but continue to engage until our thesis is invalidated.
Below is a chart of Thursday’s session, both Globex and RTH. Our pivot for that session is illustrated by the blue line.
I highly recommend joining the room now as prices are low. Monthly subscription prices will be incrementally raised to eventually return to the normal price ($75/month).
Spooz closed for business at 6676.
Market Structure.