TMAD Flow: Recovery in Sight?

$CXW $DAL $SEZL

Hi traders,

Another day of crazy washout and strong recovery.

Please always pay attention to our SPX levels or our TMAD app. SPY had a strong move from our resistance this morning. The index tried to breakout the $745 level, next candle failed and it flushed down towards our support at $727 where the index bounced.

You can short this with puts as well for max gains. Depends on your trading style.

Check new levels on our app for all major indexes.

Alternatively, you can use the SPX levels we’re posting. We hit our support today right around 7,261 and that’s exactly when I posted the message about closing half of our hedges. These levels are a great roadmap, so make sure you have them on your chart every single day you trade.

Levels for tomorrow:

The successful intraday defense of long-term support at 7,261 combined with a close above the 7,380-7,382 zone, has shifted the combined bias to cautiously bullish for the first time since the breakdown last week.