Archives -> Thursday February 29th, 2024 Newsletter

Thursday February 29th, 2024 Newsletter

Hello Everyone,

Over the past few days the SPX/QQQ drifted down near their respective rising 9 day EMAs forming a bull flag waiting on a catlyst which came today on the PCE report with prices moving back up towards their previous highs.  We were favoring a temporary decline (buy the dip) to be followed by another push higher. With today's move the bulls broke above a previous high (shift in structure and are back in control short term).  At this stage, simply continue to trail stops upward in accordance with your plan. 

ES levels will be updated on the trading community 

Here's a link to Tonight's Newsletter.

Please take a moment to look at the trade ideas.

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