Today, the tax bill was passed in the House – anticipation into the announcement pushed markets towards new highs from yesterday’s low. We were able to capture $900 from the move up from 2565 ES up 20 points to 2585 ES – which was bigger than I had expected in terms of speed.
We issued a BUY alert on SPY yesterday at 2565 ES and exited half today at 2580 ES and 2587 ES.
Yesterday, we spotted a potential A-B-C 4th wave setup to the upside.
That setup played out.
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