Members’ Newsletter 2/7

*disclaimer: Not financial advice. This is my personal trade plan only. I am not qualified or licensed to advise anyone on their specific positions or trades, I am sharing my personal opinions only. Never make financial decisions based on any information on this site or any associated platforms. Always consult a professional for investment related advice and do your due diligence*

$ES

I expect to see a break from this range tonight/tomorrow. I’m looking for a bull trap near 4550. Failure to hold 4440 would open up the potential for a more direct path to 4400, but the higher time frame count (see yesterday’s newsletter) would stay the same.

$NQ

Looking for a bull trap at 15k – must hold 14,400 in the short term for this to play out

$RTY

$RTY has been diverging from $ES and $NQ. The move off Friday’s low is a clean WXY corrective move. This has me, at the very least, cautious of a more immediate sell. Whether this would take $NQ and $ES with it is TBD.

Setups:

Please take a moment to review my trading strategies outline to better understand my setups

Elliott Wave Setups:

$ADBE Long

Setup: Type B
Confluence: Bullish algo. Bouncing from FVG
Trigger: 1H Reversal from fib zone
Conditions: This will require the indices to play along. I will be VERY cautious with this trade.

$NQ Long

Looking for some longs overnight. There are a couple possible entries I’m watching but it will depend on how the structure develops on lower time frames. Updates will be sent in the discord.

$BA Long

Setup: Type A
Confluence: Relative strength, sector confluence
Trigger: 4H Reversal from fib zone
Conditions: Must maintain relative strength, move down must be corrective.
Notes: This will likely take some time to develop. I will continue to watch this setup while indices finish their higher degree wave 4s. If this can hold up throughout this period it will be one of my top setups for position trades.

$GC_F Short