14/04/2025
Tye Market had clean price action today and it just came down to a matter of patience🚶🏽♀️⠀
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The market made a strong move in the morning then dropped to 368.60ish level after the first hour...A clear level from yesterday and not far off of yesterday’s close. ⠀
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After retesting and confirming this level was support, it made its way back up to high of day. Because this level was held, it told us buyers were strong here and not willing to let the sellers win the fight. ⠀
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Then cleannn break out at high of day level $370.85⠀
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Scalping off of key levels on a break up or down is my favorite way to trade. You can trade SPY or SPX this way but SPX is less liquid. I like SPX when we have solid momentum because it usually presents the opportunity for way higher gains. Also personally, it mentally feels better to be in a trade with 10-20 contracts than 200 contracts. Check out how SPX moves when you get a chance!⠀
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If you messed up todays action, you either don’t understand priceaction well enough or didn’t have patience⠀
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How’s your new year going so far in trading ? ⠀
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14/04/2025