Trading Plan 04142020 SPX500

These are my hypo­thet­i­cals for today’s SPX500 ses­sion. Basi­cal­ly the lev­els that I will be look­ing at where it has a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Then I come up with ways I think the mar­ket will react around those lev­els. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my hypoth­e­sis. I hope that makes sense. If not, please get in touch with me. I am not sell­ing you any­thing. I just love to talk to peo­ple that are on the same path as me. So don’t be shy and reach out. 

Obser­va­tions of the market

• W: Price Moved back up over VWAP
• D: D TT + VWAP BO run­ning into 50MA indi­cat­ing a pos­si­ble swing rever­sal setup
• H4: Price above 200MA run­ning into H4 Sup­ply ZOI that is mod­er­ate­ly strong indi­cat­ing a pos­si­ble swing rever­sal setup
• M30: Price overex­tend­ed above M30 UKC and with­in H4 QHi indi­cat­ing a pos­si­ble swing rever­sal setup

Hypo­thet­i­cal

H4 Swing Rever­sal (wait for con­fir­ma­tion on M30)

Entry Short around 2850, tar­gets 2800, 2750