Hello everyone, we’re back! Currently, we’re not in Los Angeles but up at Mammoth Mountain. No camera today as we’re focusing on skiing to clear our minds. We’ve been focused on trading the Qs, spiders, and ES. Some of you requested I incorporate ES since it’s similar to NQ in its trading logic.
Regarding the NQ and QQQ, there was downward movement this morning. Since this morning’s significant drop, my focus has shifted towards shorting the market. My strategy remains consistent, especially when trading near the central pivot. My aim is to short near the earlier session high inflections on the downtrend.
On the S&P 500 side, trading the spider has been somewhat more straightforward as the ES hit threshold levels accurately. The precision of our entries has minimized adverse slippage. Despite occasional reversals, today has been reliable for trading.
The key takeaway for today is to remain focused on the prevailing trend.