S&P 500 Daily Trade Plan: A Volatile Plunge into the Daily Leg
With GDP and Jobless Claims on Deck, Here’s How to Trade the Pivots and the Key Support at 6664.50
SCHEDULED NEWS
Good morning, everyone. Today is Thursday, September 25th.
Yesterday was a glorious day for subscribers. We were able to pinpoint our significant 4-hour at 6719.75 for a back-test that took us all the way down to our significant daily pivot at 6685.00. We scored big time with that one, so congratulations to all who took advantage.
After squeezing up overnight, the market reversed around midnight and has now fallen 35 points, coming directly into our daily leg-end at 6664.50. We have red-tag GDP and Unemployment Claims on the horizon at 8:30 AM ET and are sure to get a shake. Let’s get right into the levels.