Daily Plan v2143.4
10/28/21
Traders:
A good day for order-flow as we avoided getting overtly bearish at the lows yesterday, our 4537-4541 held, and market had a one way auction pretty much above our 4550 all day.
At time of this publication, S&P500 offered at 4583. Let us do a quick recap for the session today and then what are the things am watching tomorrow.
PS # A bonus section # D explains why the late PM volume surge yesterday may have been rather bullish than bearish.
A) Session recap: our plan today called for a test of 4565 AND 4577 if we opened or bid above 4550 in Chicago session. This is exactly what we got.
We opened at 4559 and quickly tested that 4565. There was really no bearish pressure as we took off to test 4575 soon thereafter.
There was one pullback into 4565 affording a re-load which was quickly bought up by the market participants.
Eventually in the session we took out the PHOD at 4577 and traded as high as 4585 narrowly missing 3rd target 4590.