$ES_F / $SPY — Plan for the Coming Week Markets are breaking out. I wrote yesterday that buyers in the S&P 500 had work to do, and with this strong bullish weekly close, sellers have failed to follow through on their initial fake swing higher, trapping bears as markets squeeze back to close just below the key breakout level. The plan for the coming week is to buy the first daily EMA9 higher low. That would either be a retrace after a gap up, but most likely a retrace of last week’s candle. Levels and full plan in today’s newsletter.
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