Trade Plan 10/17/2023 - ES/SPY/SPX -- Time is ticking
Listen up, everyone. Here's the game plan: if we see any pullbacks, you jump on them. I wouldn't be surprised if we see another dip to around 4384, and if it drops a bit lower? Perfect. Think of it as your golden ticket because I'm feeling bullish this week. We might entertain some sells, but by Wednesday? We're back on the uptrend.
Bottom line? It's a "Buy or Cry" situation, and I hope you haven't forgotten the last time we were in these waters.
You're probably wondering how I'm piecing this all together. The answer's clear: Balance. But to sweeten the deal, I've got a trick up my sleeve. It's something I've crafted - Trend Zero. It uses the ATR and focuses on specific times. The 30Min Trend Zero? Right now, it's cozying up to the 12B point break box. The real magic of Trend Zero is keeping you in the trade. But it's not about pinpointing the exact spot. That's where Balance and Balance Dyno come in. Any other method? Forget about it. If they worked, you wouldn't need me.
And just to hit it home: Next week's Weekly Balance? It's setting up higher than this week's, hovering somewhere around 4355. We're already starting off strong above this week, with our sights set on 4338-4461.
Oh, and don't get me started on the MMP (Monday Mid). Tuesday's got a good shot at reaching it, and that's where I see the bids rolling in. Especially since it aligns with the 12b Point Break Box. I've got some data on the MMP and the stats for this week, particularly for ES. Watch for Levels: 12B/ Daily Balance and the lower 12B Lower Dyno. The only time you'll see me entertaining shorts? If they're heading to 4384. Otherwise, I'm on the bench waiting for that long shot. If 4384 doesn't pan out, come Wednesday, it's a clear 'Buy or Cry' play. Suit up.
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Below is the same screenshot but with Trend Zero
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Monday Data
The Scoop on Monday Data:
You want to know when things shake up the most during the week? We've done our homework. By sifting through our data, we tracked down breach counts from Tuesday to Friday, all after a wild Monday. It's the inside track for traders and analysts who want to figure out the market's mood swings on any given week.
The Numbers Game:
Monthly Breakdown: Every month, of every year, we've got the lowdown on how often Mondays set the stage for a breach in the days that follow.
Yearly Insight: We're not playing around. We took those monthly numbers and gave you the big picture - an annual round-up of when the market decides to throw a curveball.
The Monthly Average: Think of it as the financial weather report. By averaging out the breaches for each month over the years, you might just catch a trend when the market gets frosty or fiery.
What's Up with Tuesdays?: If you're wondering why I'm spotlighting Tuesdays, it's because we've found something spicy. How often does Tuesday decide to dance after a Monday? If the percentage is shooting up, traders might want to lace up and be on their toes. Potential Tuesday volatility? It's a game-changer.
Wrapping it Up:
Financial data? It's a riddle wrapped in a mystery inside an enigma. But we've cracked a piece of the puzzle. By diving deep into how the weekdays play after a Monday, there's a pattern shimmering under the surface. Whether you're sharpening your trading tools or just in for some data-driven thrills, this analysis is your ticket to upping your game in the financial arena. Game on.
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Disclosure
Analytical Market Theory LLC is not a registered entity and not a licensed financial professional and therefore is not qualified to give investment advice. Information presented through this application such as calculations, or other social media posts, discussions, information on the website, chatroom, podcast, or through email or any form of electronic communication is strictly our opinion and for educational purposes only. It is not to be taken as investment advice or an instruction to buy and sell any security or influence any investment decision. Trade at your own risk.
🛑DO NOT COPY MY TRADES. THIS IS FOR EDUCATION 🛑
CFTC - Hypothetical Performance Disclaimer
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results. FUTURES TRADING INVOLVES RISK. THERE IS A RISK OF LOSS IN FUTURES TRADING. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS