Thoughts for Monday 10/2

small bounces before continuation down?

Hope you all had great weekend. Government shutdown got averted. Last week ES futs closed down 35 points from its open with good 100+ points range. On Friday we longed 4328 in globex for 30 points upside. We shorted RTH for 40+ points and got out of shorts at bottom ticks at 4312 where some folks longed. As I write this ES futs are trading back at 4350 after congress passed stopgap measure to avoid government shutdown.

Econ for tomorrow and full week:

Rest of the content is for paid sub stack users and is also shared with members on private telegram channel (Note to telegram members: please do not ask me that you do not have sub stack access, you don’t but the content behind paywall is already posted on your channel. Thank you).

Sub stack subscription does not include real time telegram alerts it only includes this nightly news letter with levels and possible setups. For real time alerts please go to https://futuretrader400.substack.com/about