Daily Plan 5/20 '22
The Obvious Trade Goes Bad
Traders-
Coming into the session today, the positioning and sentiment was extremely bearish. For majority of folks, today was supposed to be the cratering event.
Well, things took a little detour for the short term, intraday bears.
Don’t get more wrong - things were not too pristine for the bulls either. But I don’t think any one was much bullish going into the auction today.
In this newsletter, see my thoughts on Emini levels and why I think the bears have an edge, also read about my tactical play on the retail carnage as well as a surprise indicator :) Let me know down below what you think.
Starting with yesterday, we had our close above 3900- this is a plan I sent a little earlier than the usual, but I was not too off from the general direction despite being early yesterday, having not observed last couple of hours of the auction.