Weekly Plan 8/27

Supports became resistance

Hello traders,

Hope you had a great weekend and are rejuvenated for the upcoming week.


This past week we had excellent Vol so we were able to get a tonne of points due to being on the right side of the market tide.

94 was our LIS for bulls from the 22nd and it gave us 80 pt zipper through NVDA earnings.

NQ dumped exactly from 15418 for an amazing 600+ points waterfall.

On Friday we were able to catch 93.5 short and 67 longs(although I paperhanded the longs for 12 points).

Moving on,

This week we have an action packed week with JOLTS, PCE and NFP.

As mentioned at the start of the month, August pullbacks are common in bull-markets.

Longer term, in my opinion, we are not looking down the abyss. There is a resurgence in the markets due to AI narrative and we should see tech propel us to ATHs by end of the year. Again, do not go all-in and buy 0.01 calls on SPY 0.00%↑ expiring in a week.

Levels: