Morning/Afternoon traders
Going to keep this very brief and simple. I’ve closed most of my swing longs from $SPY 426 and $QQQ 341 over the last two sessions when they were trading around $450 and $365 respectively.
Futures
$ES - Harder session ahead after that spike down overnight due to $FB earnings. Unlike $NQ it’s not clearly a short but it’s not a long either IMO. I will personally be looking for shorts around 4568 and potentially some longs around 4510. These are the only two areas I will be watching today.
$ESH22
$NQ - Going to wait for price action to settle down a bit on this one. But I will be looking for shorts at around the 14,980 to 15,000 area. Other prominent levels that I will be pay attention to are 14,702 and 14,429 IF they trade. A break and hold above the area, I would look for 15,140 to trade.
$NQH22 Follower Requests
I put out this tweet to ask for your thoughts and received many replies. The top 2 most requested will be posted below. For the next plan post your choices below
$CL - It’s been consolidating for a while and just completed what we call a ‘look above and fail’ and tried to break out of the multiday balance but now is back in it again. I remain slightly bearish below 88.54 with other important levels being the recent balance lows around 86.60 and then 85.39 below this.
$CLH22 $AMZN - I am not one who trades earnings events. $AMZN is reporting after the close today and resultantly I have gone flat on all my positions but my runners. Despite the fact that I am bullish on it in the long term. I do not ever speculate on earnings. The level to hold for me is 2960.
Make sure to share this plan and leave a like and comment if you find it useful. Good luck today everyone! - Fader
Disclaimer - All content should be used for education purposes only and is NOT in anyway financial advice. I am not a licensed financial advisor and nothing I say or post should be taken as financial advice. Futures trading as well as stock trading is extremely risky and always involves the risk of capital losses. All images used are of the platform Jigsaw trading and I am just the end user.
Russell please
Would appreciate pointers how to swing trade GC and SI. They are making large swings, that should be an opportunity... I need help in figuring out the map of possible levels up and down. Any thoughts??