Review of the week so far and plan for February 10th, 2023
ES 4100 revisited, repeated dark pool dumps ahead of CPI
On yesterday’s newsletter, I sent a warning of the bearish harami on SPY 0.00%↑ as well as we noticed a trend that on bull days, there would be a large DP print, and the next couple of sessions we don’t trade above it:
→ SPY DP dump 2/3 @ 416.72, confirmed SPY DP dump 2/7 @ 415.20, confirmed
I also sent out the following levels for today:
SPY 0.00%↑ 413.75 Pivot
—> Below pivot target 411.58/410.56, 406.61
You can see from today’s price action that we did very little trading above that 413.75, and so the SHORT for today towards 406.61 was pretty easy. I will provide more levels for tomorrow later in this newsletter
I also mentioned the need for bears to close below 4100 ES today in order to start a multi-day sell ahead of CPI, we are testing it now, but we still have an hour and 20 until close and we need to both CLOSE below and OPEN below for continuation tomorrow. If we cannot, then we will likely met up again to the same levels we have chopped all week at.
You can see here that we broke out to the downside of the rising wedge (compare to the first newsletter and the blue dots)
On the two prior newsletters I also sent the setup for TSLA 0.00%↑ and mentioned that a break over $200 could see a run to $220 and suggested to grab calls on the $200 break:
We saw these go from 1.13 to 7+ and we took profits this morning in the discord for a great win!
I also pointed out a short setup on GOOG 0.00%↑ and META 0.00%↑ in yesterday's newsletter, both of which hit the targets to perfection.
Here is the economic news calendar for tomorrow:
I will be watching the following levels on SPY 0.00%↑ , TSLA 0.00%↑ , META 0.00%↑ , AAPL 0.00%↑
SPY
406.61 Pivot
—> Below pivot targets 403.75, 402.91 and 400.67 overshoot
(Bears want a close 2/9 below and 2/10 open below 406.61 for the next big drop to 400.67)
—> Above Pivot can see retracement to 409.18, 410.56, 411.58
(Fake breakdown if bulls get this back above 413.75)
TSLA
Use 2/9 H and L as Pivots
—> Below LOD (205.53) targets 198.02 (fib), if 198.02 falls, then 8ema next at 191.80
—> Above HOD (214) targets 221.26 (fib)
META
Continuation of today’s levels: Below 180.65 target 175.56, 170.37
AAPL
Over 155.16 target 159.54
Under 150.38 target 147.56, 146.62
Keep an eye on the discord for any changes or real-time updates/news.
-Jovan