Daily Plan 3/17/23
There's only one direction and that's up
Good morning Traders!
I want to let everyone know that I’m not feeling well this morning so there will be no video for todays plan.
Everything else will be included as usual.
Yesterdays Recap
Once again tech holds up the S&P500 along with new funding program for the banks. S&P opened strong with no lots traded below my 894 short target. Shortly after we snapped higher squeezing any shorts at LOD. This came with a clean break of previous days highs for a trip all the way above NFP + Unemployment highs. I first want to touch on one of the charts I posted in the telegram as this is exactly what’s going on right now at 3900s.
Here’s the chart
Looking at lows of 3800 and comparing that to recent swing prices, this is nearly identical. How I take this is I will look for shorts at the highs and longs at the lows.