Take a moment to observe what we shared with subscribers and see how the entire day developed with a higher close. We had indicated to subscribers that there was an extremely high probability of an upward trend, which could result in highs in the 1:30-2:00 PM time frame. Even with a pullback, gains could still be sustained due to historical precedents.
Intraday SPY 0.00%↑
Sent at 9:30 am EST:
We even established the low of the day both publicly and for our valued readers.
Long ESU4: Low of Day @ 5471
We are suggesting that we observed the low develop as indicated in the simulation and are stating that the day’s low has been set. This sets the stage for the upward bias to take shape after the open, which also experienced a pullback and subsequent highs.
Consequently, we have identified two trading opportunities: 1) near the lows of the opening 30 minutes and 2) at the lows of the day, potentially set between 10:30 and 11:00 AM. This positions us for a potential upward bias leading into the last Friday of July.
We even ran scenario analyses for the entire afternoon session.
I am preparing for a podcast after the close and hope everyone has an enjoyable weekend.
