An Update on My Previous Post and JOLTS
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A few days ago I posted that I really like BFRG 0.00%↑ as a swing:
This IPO stock is now up 270% from my alert:
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JOLTS Job numbers just came out and they are bullish
9.931M vs expectations of 10.5M show that the Fed is finally impacting the labor market
Lower employment levels → less money in the money supply → contraction in economy leading to a reduction in inflation
Here is the SPY 0.00%↑ daytrade plan for today:
Wait for a 5 minute candle close
Long over $411.68 to PT $412.43
Short under $409.876 to PT $409.24
These are scalp levels and can be used with short term expiry options, ES or MES futures (my favorite), or leveraged ETF’s
Have a great day
-Adit Dayal