Head and shoulders? $SPX $ES_F plan Tuesday, July 15th.

Is it all over for the bulls?

DISCLAIMER:

This newsletter is purely for educational/entertainment purposes and does not in any way constitute financial advice. The author is not a financial advisor and does not provide financial advice in any capacity. Any actions taken by the reader on the basis of the topics discussed herein is the sole responsibility of the reader.

This newsletter is copyrighted and is the property of Ghost Capital, LLC. It is not to be reproduced or distributed without the express consent of the author(s). Violation of this clause is punishable under the laws of the great state of Texas, and you are welcome to meet my lawyer should you violate this clause. He’s a really nice guy.

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DAILY PLAN RECAP:

Both of the preferred trades worked out on Thursday last week (Last NL). We had a nice lengthy (in time) FB of 6291, which squeezed us to the preferred shorts (6311). After some consolidation/pullback to the 91-95 zone, we resumed upwards. Either way, a one and done kind of day for most of the crew.

INTRODUCTION:

Controversy, uncertainty, etc remains rampant about the tariffs. In addition to that, the Iran and Israel conflict continues to develop. The price action this week has been abundantly clear that the market is looking past a lot of this uncertainty.

So, how do we navigate it?

I am back to trading my cash account at full size, but I continue trading my Take Profit Trader (Referral code: GHOSTCAP69 for the best current discount) intra day. I am primarily trading TPT right now (and pretty much always). They are, really, the only prop firm that I both 1) trust, and 2) am okay with their rules.

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DISCORD ACCESS:

For those of you that want more than a once daily newsletter, and would like to join a community of intra day traders, get access to intra day updates from me, and have DM access to me, you can join the discord here.

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TODAY’S LETTER INCLUDES:

• My current position and management plan on $ES_F

• Macro overview

• SPY 0.00%↑ $ES_F Plan/analysis

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