Recap 12/23
Hey Traders,
I was quite bullish coming into the session today. 4720 order-flow target was met quite early on in the session. Check the prior Daily Plan if you have not done so already.
My mega cap stocks did extremely well on 4th day as well this week. Remember most of these stocks are now up 100-150 points off the lows where I shared them last Friday. There was so much bearishness and negativity for these names like TSLA and GOOG, MSFT last week that it was a no brainer longs for me.
TSLA is now up almost 200 points off my 899. GOOG also closes in on 3000. Shared at 2800.
There won’t be a Daily Plan for tomorrow as I do not expect meaningful action for rest of the week, may be even next week. I will reassess conditions on ground on Monday. There will be Orderflow educational posts released for folks shortly.
S&P500 closed into 4720 today and while the urge for many is strong to short this, I am personally not able to be bearish at these levels , unless we closed below 4667. In particular, I am watching GOOG stock.
If GOOG stocks opens bids above 3000, and starts trading for 3050-3120, I believe S&P500 is headed for 4833/4850 as well.
I will consider bearish bets on the index below IFF (if and only if) GOOG 2900/ S&P500 4667.
At time of this post, GOOG bid 2960, S&P500 emini bid 4720.
This is it from me for now. Merry Christmas and Happy Holidays! Feel free to share this post so orderflow can reach more traders like your self and message of the tape can be spread wide and far!
~ Tic
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Mr. Tic, Merry Christmas and Happy Holidays!