S&P 500 Daily Trade Plan: Navigating an Unreal Rally

With the Market at All-Time Highs, Here's How to Trade the Key Support Zones at 6720.00 and the 'Stacked' 6704.25 Area.

SCHEDULED NEWS

Good morning, everyone. Today is Tuesday, September 23rd.

Yesterday, we had an unreal rally that happened with no catalyst, moving over 50 points in one direction with no pullback. It was quite an incredible move. After sitting at the highs all night in a balance, we now have to figure out which direction we're going to move.

We have a packed speaker schedule today, with Flash Manufacturing PMI at 9:45 AM ET, President Trump speaking at 9:50 AM, and Fed Chair Powell speaking at 12:35 PM. With this being said, we will have some volatility, so it's important to understand the levels. Let's get right into it.