March 9th, 2023

Rejection at 4000 ES

Mar 8

I’ve opened up yesterday’s newsletter to the public, if you are not a subscriber you can review it here:

March 8th, 2023

Over the weekend I sent out an update warning that we likely were making a right shoulder on / $ES_F and sure enough we saw a massive rejection at 407.22, that prior dark pool seller level we had been talking about for the week before. We can see a potential head & shoulders pattern that can play out here as we approach 4100 on $ES_F again, although it…

20 days ago · Jovan Roche

We accurately predicted a move down to 396.60 as long we did not bid above 400.67. LOD so far is 396.59.

The right shoulder on SPY 0.00 and $ES_F continues to form, with the neckline being at $393 and $3948 respectively.

AAPL 0.00 attempted to breakout and was rejected sharply. TSLA 0.00 continued to sell off after the retest and fail (levels posted yesterday all fulfilled).

Here’s the economic data calendar for tomorrow:

I think for now we can continue to see bearish pressure to form the h&s neckline as long as we remain below 3990. Now 3979.

For tomorrow i’ll be watching these levels:

ES_F

1. As long as we remain below 3990 we should retest 3948
2. Over 3990 can retest 4010 and above that 4024.

SPY 0.00
400.67 pivot
→ Below pivot targets 396.60, 393.20
→ Above pivot targets 403.75

TSLA 0.00
Continued short into 175.60 from 190. Ideally need to see lower low vs today (below 180) for next move down.

Below 180 target 175.60

NVDA 0.00
Inside bar today
Below 233 target 227
Above 240 target 245

AAPL 0.00
Below 152 target 150
Above 154 target 156

Join the discord at www.jmoptiontrading.com for real-time updates.

-Jovan

Jovan’s Substack

March 9th, 2023

Rejection at 4000 ES