Adam Mancini's S&P 500 (SPX/ES Futures) Trade Companion

Adam Mancini's S&P 500 (SPX/ES Futures) Trade Companion

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Adam Mancini's S&P 500 (SPX/ES Futures) Trade Companion
Adam Mancini's S&P 500 (SPX/ES Futures) Trade Companion
The Dip Was Yet Again Bought In SPX, How Much Higher On This Leg? March 30th Plan

The Dip Was Yet Again Bought In SPX, How Much Higher On This Leg? March 30th Plan

Mar 29, 2023
∙ Paid
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Adam Mancini's S&P 500 (SPX/ES Futures) Trade Companion
Adam Mancini's S&P 500 (SPX/ES Futures) Trade Companion
The Dip Was Yet Again Bought In SPX, How Much Higher On This Leg? March 30th Plan
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As readers are well aware, I have been very bullish on ES for the month of March, and the primary reason was due to a textbook, rising channel from the March low; writing that as long as it is in play, ES would be in buy dips mode. As a result, I was long into today’s session and holding. ES wasted no time on this “buy dips” theme yesterday, with the dip to 3980 support getting bought up for a 70 point rally.

I wrote yesterday: “As long as the channel from March low at 3977-80 keeps holding, that we can can base build in this range (pop to 4020-4027, perhaps dip and base more) then try the push to 4038, 4055-60”. After testing 3980 yesterday, ES took a very direct path on this pushing to my 4055-60 target; rushing to 4038 overnight basing there for about 5 hours, then continuing the grind up to 4055-60 target hit.

Since the March 13th low, every dip has been bought within a day or two. How much higher can this run? In today’s newsletter, I’ll be discussing this, talking about my trade management system and how it guarantees catching a run like today, and then providing the actionable trade plan for tomorrow.

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