🏉 Day 3-DEFENSE: A look at current ES/SPY Price Action with Key Concepts (plus flow play)
Understanding current trend line and Price Action Gap action and what it could mean
Welcome to Day 3 of training camp—today before we get into a new flow play for our now growing playbook, we’re going to look at some Price Action concepts we currently see on the field in front of us.
As a reminder YEET Plus will receive the flow playbook with each issue, updated with what we’re finding until we have
3 Bearish flow plays that are a mix of base hits and long bombs
3 Bullish flow plays that are the same
🏈Trendline Basics
Outside of levels, this is the most important component of Price Action. In this video we’ll use where ES currently is to show some of the basic mechanics on trend breaks and retests, and how we can interpret the current action.
🏈Playing SPY Gap Levels
Serving as both a magnet for a deep candle and an excellent place to get a pick off of a reversal, Gap Levels can be tricky—but once you have them mastered, they lead to big plays like our 10 bagger on Wednesday. Here’s the basics:
📓 FLOW PLAYBOOK: NEW BEARISH DEEP PASS
As a reminder, we are building our flow playbook which will have 6 plays at any given time—3 bearish and 3 bullish (a DEEP OTM bomb (potential multi bagger), a first down (weekly swing), and our runs across the middle (short base hits intraday).
