Hello traders,
Hope you had a great holiday and are back up on the grind for this week.
This week we are looking at another continuation by bulls to wrap up the year.
This week we have sparse economic data with initial jobless claims coming on Thursday.
Looking back into the last two months, this was an excellent trade idea that resulted into $5 net credit to $480 credit (possibly infinity percent gains). I sincerely hope some of the readers took the trade.
We still have one week left from our August prediction to reach 4846 on SPX. Will it happen, only time will tell.
Weekly Plan 8/21
Hello traders, As mentioned in last week’s plan we did touch 4436-40 on ES and it gave a reaction of 15 points a couple times and then finally gave way. Other than that we were on the right side of the NQ trade and caught plenty intra-day bounces on NQ and ES
Weekly Levels: