Quick Notes: All the major indices closed fractionally lower today with the SPX/IWM nearing their respective 20 day MAs while the QQQ closed just above its 9 day EMA. Thus far we have simply seen a slight rolling correction (very choppy action). ES support below 4484 and 4455. Will discuss further in the newsletter.
Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night. Consider making a fresh top 10-12 setups each night and put on front page along with existing trades. My advice is to keep your total ideas to a manageable number. Lastly, it's best to wait at times for valid setups to form - sometimes less is more.
Please take a moment to look at the trade ideas.