Hello Everyone,

One trading day for the history books as we witnessed a massive reversal on the major indices.  Today's SPX range was 235+ points after being soundly rejected near its declining 20 day MA.  The SPX finally took out the October 10th lows while ES fell just shy of that low.  QQQ smashed below its October 10th low as tech stocks came under severe selling pressure.  NVDA reversed nearly $20 from overnight high to today's lows. Have we seen true capitulation?  Too early to say but volume was huge today and many secondary stocks have been taken to the woodshed recently. Onus shifts back to the bulls.

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.