Trading Plan 04142020 SPX500

These are my hypotheticals for today’s SPX500 session. Basically the levels that I will be looking at where it has a higher probabilistic chance the market will start reacting. Then I come up with ways I think the market will react around those levels. During the session I then wait for the market to hit those levels and either confirm or reject my hypothesis. I hope that makes sense. If not, please get in touch with me. I am not selling you anything. I just love to talk to people that are on the same path as me. So don’t be shy and reach out. 

Observations of the market

• W: Price Moved back up over VWAP
• D: D TT + VWAP BO running into 50MA indicating a possible swing reversal setup
• H4: Price above 200MA running into H4 Supply ZOI that is moderately strong indicating a possible swing reversal setup
• M30: Price overextended above M30 UKC and within H4 QHi indicating a possible swing reversal setup

Hypothetical

H4 Swing Reversal (wait for confirmation on M30)

Entry Short around 2850, targets 2800, 2750