Daily Plan 1/20
Bottoms Up
Traders-
What a day! For like 20th day in a row I went home very bearish at the close (yesterday) with the expectation that the rallies may be sold (STFR)! And I was right yet again with my levels doing quite well throughout the day. Am I going to continue being lucky with this strategy for rest of the week? Let us find out.
Today’s blog covers 3 areas:
A. Wrap up and Plan + Levels for tomorrow
B. Few stocks that look enticing to me here (calling the bottom?)
C. Last but not the least, I want to try and answer a question about execution. How will I personally approach my OWN level in intraday trading?
A. Session Summary and Plan for Tomorrow
Session wrap up:
I was again fairly bearish coming into the session today with an expectation of rallies being sold towards 4606/4611 in S&P500 Emini and 15420 in Nasdaq $NQ. This is exactly how it went down with many opportunities interim at my 4560 level. See below plan for today if you have not already: Today's Winning Trade Plan
About an hour before OPEN I sent this message , reiterating the bearish bias and providing some R levels. See below.
For tomorrow, I have 3 price scenarios. At time of this post, S&P500 Emini is trading at 4515.
If any thing changes to this plan, I will take to Twitter and Telegram the first thing in the morning, right before the market open. So stay tuned! Turn ON my notifications not to miss any pre market updates. I will NEVER spam you.
That’s a promise.