Nov '24 • General discussion
11/25/2024 Monday Trade Plan
The Support Squad: Aka “Where Price Grabs a Snack”
We’ve got a buffet of supports lined up, from the sturdy 5980 to the “been through some things” 5944. The star of the show is 5972, which has been holding the market like a champion bouncer. If it cracks, though, it’s freefall city—think “slip ‘n slide” all the way to 5944.
Don’t even try bidding the first supports blindly; they’re as unreliable as your flaky friend who might show up to brunch. Look for 5967 or a dramatic comeback at 5972 if we flush. And let’s not forget our “knife-catching” adventure at 5908, a level so tested it’s practically auditioning for a cooking show.
Resistance Row: “Where Bulls Hit Their Heads”
Up above, 5988 and 6027 are major resistance zones. Picture bulls charging at them with a “what could possibly go wrong?” attitude. If we squeeze higher on Monday, keep an eye on 6027 for some serious pushback. It’s like the market’s sarcastic big sibling—always there to keep things in check.
Bull Case Monday: “Keep the Party Going”
The bulls are still DJing this party as long as 5885 holds (even though it’s chilling 100 points below). For Monday, their new mantra is “hold 5972 and 5945.” If they pull that off, we’re cruising past 6000 to 6002, then straight to 6026—a level that’s practically a magnet for bullish dreams.
Bulls, though, please avoid adding strength recklessly. It’s like showing up late to a party and trying to start a conga line—just awkward. Look for a dip and recovery below 5980 for constructive adds.
Bear Case Monday: “When Things Go South”
The bears are lurking, but their hopes rest on failed supports like 5972 and 5945. If those break, we’re headed for a breakdown extravaganza. These are the risky trades your mom warned you about: high-risk, high-reward. Imagine trying to catch falling knives while blindfolded—it’s all fun and games until you lose a finger (or a few ticks).
For new traders, maybe skip these breakdowns unless you’re ready for a wild ride. If the market traps you, don’t worry—it traps everyone. The bears are basically hoping the bulls trip and fall at 5945, giving them a chance to swoop in.
Summary: Don’t Fight the Trend
Monday’s game plan? Stick with the trend like a loyal sidekick. If 5972 holds, it’s bulls all the way to 6002, 6017, and 6026. But if 5945 folds under pressure, we’re sliding down the market’s slippery slope.
As always, let’s trade smart, laugh at the chaos, and remember—when in doubt, let the levels do the talking. Happy Monday! 🚀🎭
0
0 comments
11/25/2024 Monday Trade Plan
skool.com/e-mini-snipers-2617
Master ES futures trading, designed for Apex Trader funding. Daily actionable trade plan, hourly market structure chart, price action concepts guide.
Powered by