Morning Note – Updated Day Trading Levels Chart

Founder's Trading Journal

Morning Note – Updated Day Trading Levels Chart

by AF Thornton 0 Comment

We exited our SPY and QQQ leveraged call positions in leveraged accounts and all of our cash SPY and QQQ positions in non-leveraged accounts near the Open and at the first resistance levels identified in the morning notes (450 and 347, respectively).

We will reevaluate over the weekend.

Here is the subscriber chart I shared with you this morning, updated for the Open price.

This is the updated subscriber chart from the pre-market notes this morning. The leveks have been adjusted for the Open.

Again, day trading on expiration days is tricky, especially on Monthly Expiration.

A.F. Thornton

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AF Thornton

Website: https://tradingarchimedes.com

A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.

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