Trade Plan: ES/SPY/SPX 09/13/2023
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Initial Observations:
12B Price: 4550.75
Daily Balance (DB) Level: 4540.75
Weekly Balance (WB) Level: 4507
Trade Scenarios:
a. Buying Opportunity on Pullback:
I'm particularly keen on potential pullbacks towards the 12B level (4550.75) and the Daily Balance level (4540.75). Should we witness these pullbacks:
This would present an attractive buying opportunity, as I anticipate the market to bounce off these levels.
The primary bullish target post-pullback lies within the 12B Upper Dyno, ranging from 4572.75 to 4578.00.
If buyers dominate, the Daily Balance's Upper Dyno, situated between 4577.25 and 4586.75, becomes the next upward magnet.
b. Selling Opportunity:
If the RTH open or consistent offers hover below 4550.75 without signs of a bullish reclaim:The primary bearish objective would be the 12B Lower Dyno, which ranges from 4523.50 to 4528.75.
A continued bearish drive will target the Lower Dyno of the Daily Balance, spanning from 4494.75 to 4504.25.
c. Dyno Reclaim Scenarios:
While traversing within the Dyno zones:
A temporary dip into a Lower Dyno followed by a bullish reclaim indicates potential long trades, targeting the closest balance or level.
Conversely, a swift rise into an Upper Dyno countered by sellers suggests short opportunities, with goals set for the subsequent balance or level.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.
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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🛑DO NOT COPY MY TRADES. THIS IS FOR EDUCATION 🛑