SPX |NAS Trade Plan
Updated
Markets seem to have reached a destination and have not shown much momentum yet. Will look for a consolidation and rotation lower
SPX:
We had our targets set at 3372, and had the exact top there.
1. Will look for a test and hold below 3360s for a move lower to test 3330s
2. rotation and pullback from there or a break below that range for a move to 3310
4. bullish scenario- hold above 3360s to test the highs and break above for to 3385/ 3400
NAS:
Back to 11360-85s as a key trend decider. Bullish on hold above bearish below
1. Hold below the areas for a move to 11250s and lower
2. Hold above 11390s for a move to 11470 / 11535
Bias: Pullback Shorts & Consolidation - Low Size Day
SPX:
We had our targets set at 3372, and had the exact top there.
1. Will look for a test and hold below 3360s for a move lower to test 3330s
2. rotation and pullback from there or a break below that range for a move to 3310
4. bullish scenario- hold above 3360s to test the highs and break above for to 3385/ 3400
NAS:
Back to 11360-85s as a key trend decider. Bullish on hold above bearish below
1. Hold below the areas for a move to 11250s and lower
2. Hold above 11390s for a move to 11470 / 11535
Bias: Pullback Shorts & Consolidation - Low Size Day
Note
SPX pullback highs exactly at 3360s and a rotation from there for 3340s/30s now
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