June 3rd Strategy Plan Simplified Version



Today's Priorities
Do First:
Rebound 1858 - 1865 Short
Rebound 1872 - 1878 Short
Break below 1837 then rebound short

Cautiously do:
Short around 1837 for a rebound
Go long after reclaiming 1872
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June 3rd Strategy Plan.
Bearish trend, mainly short on rebounds/
Upper resistance:
1915 - 1925 Strong resistance, look for short opportunities on rally
1891 - 1900 Moving average resistance, continue short if unable to break above
1872 - 1878 Intraday support/resistance boundary, pressure to short
1858 - 1865 First rebound short zone
Lower support:
1846 - 1837 Near-term support, weaken if broken
1822 - 1810 First target after breakdown
1795 - 1788 Panic selling target zone

Operations:
1858 - 1865 Short
Stop loss 1873.5
Take profit 1846 / 1838 / 1822 / 1810

1872 - 1878 Short
Stop loss 1886.5
Take profit 1860 / 1846 / 1837 / 1822

Break below 1837 then rebound 1837 - 1842 Short
Stop loss 1852
Take profit 1822 / 1810 / 1788

1838 - 1845 Short-term rebound long
Conditions: Break through then pull back or volume increase to stop decline
Stop loss 1831.5
Take profit 1855 / 1864 / 1872

Core Summary:
Below 1872 only look for rebound shorts
Only consider rebound longs if above 1872
Breaking below 1837 opens space for 1822 / 1810 shorts
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