S&P 500 Daily Trade Plan: A Stick Save at the Lows -***RESEND WITH CHART IMAGES
With JOLTS News on Deck, Here's How to Trade the Pivots at 6459.25 and the 'Serious Reaction' Level at 6474.75.
THE LAST TRADE PLAN DID NOT SEND IMAGES. HERE IS THE SAME PLAN WITH IMAGES
Good morning, everyone. Today is Wednesday, September 3rd.
We had an amazing day yesterday, calling the top of the cash session with a PERFECT TOUCH of our weekly level at 6425.00. That smack produced a 50-point short, and our members were able to capitalize on that in full. But in what has become a familiar story, the bulls performed another incredible "stick save" from the lows.
Price drifted down overnight, retested the top side of that same 6425.00 level, and has since propelled up another 25 points. We have red-tag JOLTS Job Openings news at 10:00 AM ET, which will likely give us a nice shake. Let's get right into the levels.