ES/SPX Morning Update Jan 17th

57
At first glance, the market’s final hour yesterday looked bearish. However, for those who dont trade with retail..but trade against retail, things were simple. Just wait for retail to get trapped..aka failed breakdown setups (highlighted in plan for today), it was a clear long opportunity. We dipped below the 5974 and 5966 major zones, trapped shorts as usual, and triggered longs for buyers. Now, just hold runners—no further action needed, approaching our 6016 target. Remember, most professional traders dont trade on Fridays, and i rarely do as well. It's usually just managing runners from Thursday…if i have any. Capital preservation should be your main goal every Friday, with the only set ups being took are textbook failed breakdowns.

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