$ES/$SPY Monday Plan of Action.
A new week begins.
I get emails here and there from many readers asking about the markets asking about strategies, rules, etc.
Do you know what I rarely get emails on? Routine and process.
Nobody really ever asks about the routine or process.
They want to know strategies or find some secret thing that fixes it all.
You can really look anywhere, in any field, and the ones that are successful at what they do are not necessarily born with some innate talent, they just prepare and work meticulously.
I see this not only in trading but in SMBs (small businesses) because I have invested in many, turned some around, and consult with some still to this day….and the lack of preparation and attention to detail is prevalent there by owners and founders as well.
So when you look at results or lack thereof, look at the process and routine that you put in.
More often than not that’s a big fix because everyone for the most part can read levels and zones so then it comes down to preparation and execution which makes all the difference.
Really, think about that as you head into this week.
Below is the trade plan and outlook for $SPY/$ES this week with charts and why I am looking for a big short this week on ES if this one zone trades.