Welcome back everyone!
Lets dive into the recap for todays session then move on to tomorrows analysis.
Recap of chat:
This newsletter will be shorter as the two swings covered yesterday remain active and unchanged. Additionally, there were no earnings or events that needed updating, as Powell's remarks remained the same. Therefore, the only updates are from today's short chat session.
At the end of the session, it was quite obvious that the E-mini was in a strong uptrend, likely to continue into the close. About an hour before the close, there was slight selling, presenting a perfect opportunity to go long with a relatively great risk-reward ratio. From the time I sent the SPX call contract, the price surged up to my 5685 ES target, resulting in a 900% gain on the SPX contracts. When called out, these were priced at 1 and hit a high of 10.2! Here is what was sent in the chat:
Now let’s move on to my thoughts for tomorrows session!