Trade Plan, July 17

Traders,

I hope you all had a great trading session.

Just barely missed an absolute banger short. On the hunt for the next trade.

Let’s briefly recap and follow it up with a plan and levels.

Session Recap (ES).

As per the daily plan, our pivot was 7594-7605. The overnight session was mostly stagnant with some downside pressure, but sellers were never able to fully accept below our pivot, leading to a small pop during RTH IB. RTH Buyers then failed to accept above our 7605, leading to this pop getting sold. Sellers appeared on the tape both at our 7605 and our 7594, and we placed orders to short 7600. The market came just ticks shy of filling our orders, printing a high at 7599.25 before selling off ~50 handles. We had the right idea, just got unlucky with the lack of fills.

Below is a chart of Thursday’s full session. Our pivot for the session is illustrated by the blue lines.

Prices have now been raised to the normal price ($75/month). If you missed the lower prices and/or sales, DM me if you have extenuating circumstances. I may consider offering a one-time personal discount.

Spooz closed for business at 7577.

Market Structure.