Week of Nov 24- ES/SPX futures Levels and Setups

Four red weeks. Monthly still in Balance. Are more Black Friday deals coming or thats all bears had?

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Review of some of last week trades

Review of our setups and trades is posted on X.

Key economic events/Earnings that could influence indices:

Levels and Setups Monday Nov 24: 🔥🔥= Critical

(These are now for December Z Contract)

Long term view: As far as > 6300 tape remains in bulls’ control.

BBull bear: 6656 (Weekly bull bear level is 6656)

Above: 6656🔥 , 6684🔥, 6700, 6716🔥, 6732, 6752🔥🔥, 6772, 6790🔥🔥

Below: 6636 , 6624🔥, 6606🔥, 6584, , 6566, 6540🔥🔥, 6520, 6502, 6464, 6416🔥🔥

1. Short vs 6656, Next Short is vs 6684

2. Long vs 6666 on conversion with target to 6684 or more.

3. Long vs 6606 as far as 6600 holds

4. Long vs 6540 as far as it holds. .

Do not DCA. If setup fails, flip or go on sideline until next setup materializes.

Trading Times Suggestions

Globex: 2 am to 4 am EST or After 830 Econ

RTH: 930 am thru 11 am and 2 pm to 3:30 pm . First few minutes of open can be choppy.

Setup usage suggestion

Do not try setups more than once if you have to > 3.5 handle stop loss or twice if you are take <=2 handle stop loss. Use my globex Pivot/opening setup as main directional guide and then other setups as guidance. Flip or go flat if setup reverses as I may not be in front of my screen all day, you should by now know how the process works at most you have 2/4 handle risk. Setup generally reverses on 1 minute close above/below 3/4 handles from marker. Again there is no sure shot as some time I might relax that or may go predictive. That’s general rule anyway. Also most of the time setups always gives opportunities to reenter some time even multiple times so never take trade too far away from setup markers.

Size, Stop, Scale out strategy

Remember: I never short above or long below my marker. I wait for it to pause before it or come back to it from rip/dip and pause before executing.

Avoid taking position before Econ like CPI Or FOMC. After econ watch for levels where it stops and how it interacts to decide long or short.

Size: Either 4 micro or 4 emini lots or in multiple of 4’s, risking max 1-5% of your capital.

Recommended stop: Depends on your trading style. You can start with disaster stop of -4 and

1. Move to -2 once you are +2 on trade

2. Once you hit T1 you can go to -2 and when you hit T2 you can go to BE Or

3. Move to BE once you are +2

4. Move to BE if trade is taking more than 4-5 minutes after entry

5. Some folks like to keep it all the way to next level though I do not like to keep my trade that loose.

Scale out: 2 lots at +6/8, 3rd at +10/16, 4th start trailing if more than 20 handles on the trade.