Weekend Review & What's Significant - SPX & ES

Week of 7/21/2024

Happy Weekend Traders,

I hope everyone had a fantastic week!! We had some fantastic calls last week that got everyone prepared for the moves WAY IN ADVANCE including the call out in last weeks Weekends Review where we nailed the highs almost to the tick and prepared everyone for a pullback that played out near flawlessly. In fact our planning and for-sight has pulled us back just short of the higher time frame target we spoke about last Sunday on ES of 5532 and 5480 on SPX.

As we enter another fresh week we are actually light on news as you can see below however I do not believe this will limit the potential volatility ahead. The ES/ SPX is coming into potential support but the real question is….Does It Hold….or do we see lower to fill-in some of the gaps that we have had on this insanely bullish push up. Join me in the video below to go over both SPX and ES and discuss what needs to happen to sustain a move higher and where we are heading and what levels we should be looking for a reaction if we potentially move lower.

Happy Trading and Enjoy,

Ryan Bailey

News for the Week

Cheat Sheets

SPX

ES - Weekly TPO

Weekend Review: