Thursday October 16, 2025

SPX Futures Trade Plan

☀️ TODAY’S REVIEW:
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A Recap of Today’s Price Action & Setups:

I pray that those who were green early in the trading day stayed green! I emphasized this goal clearly during our Zoom session!

Per our YouTube Live and Zoom session, this was not price action worth trading — in my humble opinion. This kind of market movement can hurt you more than help you. I advised everyone to close it down and walk away, and that turned out to be great advice.

As warned, this is “the day before OPEX Friday” – a day rarely worth trading. I warned of this yesterday on the Battle Plan and on the AM Briefing. Did you take heed?

Before ending Zoom… we pointed out, “If we lose the opening, it could be quite a move south”. And it did! 

That said… when bulls control, I do not short – I just don’t. You do you. 

At 11:26AM EST… I posted, “Watch Out Below???”. Price moved to Battle Plan (2️⃣) , then Battle Plan (3️⃣). NO entries presented themselves as we NEVER laddered back per the Battle Plan posted yesterday. 

Before leaving Zoom, I mapped out how one could be short IF they wanted. Worked perfectly if you took it. See the chart below. 

Mapped Out Move South on Zoom

There are several more shorts available if you used the Strong Level as retest entries. See the chart below. These strong levels played masterfully today! 

Shorts Using Strong Levels

On that move down… Battle Plan (2️⃣)… my preferred trade (in GREEN)… did not produce laddering over the Strong Level, thus no entry. That is pretty straightforward. 

So, therefore, your eyes would go to Battle Plan (3️⃣) and the Sunday Opening Price. We bounced right off the Sunday Opening but entries would have been difficult, Level 10 conditions for sure!

On Battle Plan (3️⃣). the size of the candles was tremendous (many 15 pointers!) and the ATR was untradeable at 10+ on 3M Chart… ALL WARNING SIGNS TO “NOT TRADE”.

Just because OTHERS might trade, does NOT mean YOU should trade. Protect yourself from yourself.

We could NOT ladder over the Strong Range on Battle Plan (3️⃣)… so NO ENTRY per Battle Plan.  

In the afternoon, I re-enforced several times… “Require Laddering”. and “No laddering yet”.

If you had ZERO entries today, you rock! Truly – Congrats!

Because I captured 50 points on my long from yesterday, I had some cushion to experiment with a few entries today. I tried a couple of “first ladders” that ended up producing only commissions, not profits.

No problem… take the break-evens without emotion. The key is to stay patient and wait for the next clean setup – it’s the only way!

I finally nailed on trade…. I had two contracts, took one off at 20 points and still have a runner. I took a long off the Sunday Opening bounce (after 5 ladder downs!). 

My stop is now at break-even. As of this writing, I’m up 30+ points, but with Trump speaking, anything can happen. I wouldn’t be surprised if price swings back and takes me out of my runner at break-even — no big deal. There’s always another high-probability setup just around the corner.

TRADE OF THE DAY

My long from yesterday concluded today… 50 points captured.

No Battle Plan entries today. We never laddered back up!

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