Volatility continues. How long inside the box? $SPX $ES_F plan Thursday, October 16th, 2025.

Which way, western man?

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:

What a day yesterday was.

We had the preferred short trigger first, and it fell like a rock into our two longs. Both were successful trades, allowing for anyones appetite to be traded with patience.

This was a beautiful technical backtest, and we got the responsive sell.

On the way down, we ran into our continuation long and buyers tried:

This knee jerk buying resolved to our resistance of ~6725.

The next leg brought us down to the preferred long:

This saw huge knee jerk buyers, and put in LOD. Runners here are still alive (though I remain in runners from 6600)

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INTRODUCTION:

We have now gotten our 25 bps cut, and the market continues to grind a little bit higher. Trump tweets have brought back some volatility. Though many feel it was the Trump tweets that brought this volatility, I disagree and we have discussed this in both the Substack and the discord.

So does this volatility continue, or will the market simply move past it and back into ATH?

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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