The SPY (S&P 500 ETF) short swing trade offers an objective add-on on today’s backtest of the former S1, now R1 resistance level. Previous & updated daily charts below.
SPY daily Oct 23rd
SPY-daily-2-Oct-23rd
SPY daily Oct 25th
SPY daily Nov 1st
For futures traders, /ES (S&P 500 futures), which also offered an objective add-on or re-entry on today’s bounce back to the 5800ish resistance (comparable to the bounce back to the 20283 resistance on /NQ I highlighted in the video, which proved to be exactly where /NQ peaked & reversed today), the next sell signal/add-on to come on a break below the 5730 support. 120-minute chart below.
ES 120m Nov 1st
Have a great weekend!
-rp