Daily Plan 11/18/22

Hi traders-

Today was an exceptional day for the OrderFlow traders.

In the night time, my 3920 target was hit. This is also near my weekly lower LIS. At the same time, at time of this post on Thursday, my upper LIS in at 4030-4050 held the market advance before that sell off yesterday and in the night.

Here is the link to my weekly plan. This is an educational post you do not wanna miss if you are active in the intraday time frames.

This is the link to last night’s plan.

Chart A : SPY Daily Auction.

Chart A SPY

In the morning time, about 15 minutes before the market open, I sent my subs a letter. This letter is attached in the link below.

The letter expressed my view that I expected 3910 level to offer support and 3960 level to offer resistance at the open. This was a good take as the market rallied very sharply from 3910 into 3960. Once there it stalled and sold off back to almost 3920.

If you have not yet, subscribe below to receive my updates every day, delivered automatically to you. AFAIK, a lot of folks got into puts at the open thinking we will crash. That crash never came today. Once we get the Substack chat working for both Android and iPhone, the prices are going much higher but any one who is already subbed to our letter, will not be impacted by these upcoming price hikes.

Link to my AM letter.

I was also a big bull on Macy’s for it’s earnings yesterday and was shared this with the folks when the stock was near sub 20.

M stock had a marvelous day today, rising about 15% to trade almost as high as $23.

Chart C : Massive Auction in M

My levels for tomorrow in the S&P500