Hello Everyone,

No structural changes from yesterday for the SPX/QQQ.  SPX/QQQ pulled back into discount (rebalance) without displacing and then bounced.  SPX met yesterday's high target while QQQ lagged somewhat. The DOW was today's standout index making new highs.

Systems Update:  (See Trading community)

Today Trend/Pullback will be exiting on MES and SPY

As I already started I'm closing out 1/2 of the SPY trade we took last week and split up the trade into the QE BPT and Trend Pullback. I will close out the Trend/Pullback portion and keep 50% to the QE BTS that remains open


Administrative Note:  Steve traveling Wednesday-Sunday.

With the current backdrop (volatility), best to focus on fewer setups.
 
ES Levels Posted in Trading Community (Note: Front Month has Shifted to December ESZ25)

Here's a link to Tonight's Newsletter.

Please take a moment to look at the trade ideas.