TraderSimon’s Substack

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TraderSimon’s Substack
TraderSimon’s Substack
Weekly Trade Plan & Recap 13th - 18th April

Weekly Trade Plan & Recap 13th - 18th April

How we nailed the S&P long - but is this just a dead-cat bounce? Plus analysis for the Dollar Index, EUR/USD, Gold, Silver, WTI Oil, S&P 500 and Bitcoin.

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TraderSimon
Apr 13, 2025
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TraderSimon’s Substack
TraderSimon’s Substack
Weekly Trade Plan & Recap 13th - 18th April
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Equity Markets - Dead-cat bounce?

S&P 500

Last week, after patiently waiting for the S&P 500 to come into a major support level, I gave members this long setup.

S&P 500 Weekly Chart - Long Setup

… this was after posting the major level on the monthly chart, that I had also published on X.

Image
S&P 500 Monthly

Fast forward to Thursday morning and we had taken two profit scales (just shy of our original target) after the market moved almost 500 points from our entry!

S&P 500 Profit

Here’s how the monthly chart now looks, and you can see the move down and back up becomes a rejection wick at our major level and through the last level of consolidation (red line), where there would have been stops.

S&P 500 Monthly - Current

Our stoploss is now at breakeven, but is this just a dead-cat bounce? We’ll look at reasons for bullish and bearish scenarios later in this newsletter.

And just a few other comments I would like to make here…

  1. When markets get extremely volatile, zoom out to the higher timeframes. Use large stops and small position sizes - this way, you are less likely to get shaken out of a trade. Now is not the time to be sniping on a 5 or 15 minute chart!

  2. It’s no coincidence that major support and resistance levels will often coincide with “unscheduled” announcements. Shortly after the S&P reached support, Trump made a 90 day reprieve on his tariffs.

WTI Crude Oil

Let’s keep it real here and detail the one loss from last week.

This was a WTI Crude Oil long posted the Friday before. It was a long setup, after Oil spiked a major low into a Price Pivot Zone on the monthly chart.

WTI Crude Oil Long

Unfortunately, my timing was too early on this one and my stop was spiked out!

We’ll analyse this in detail later, as 4 hour price action is still looking bullish on this one.

WTI Crude Oil Stopped

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Coming Up…

We’ll look at the Dollar Index, EUR/USD, Gold, Silver, WTI Oil, S&P 500, Bitcoin and Crypto Alts.

We’ll cover the Dollar Index long that was entered on Friday and the Bitcoin investment also entered last week. I’ll explain why both are at key higher timeframe levels and why they could run up from here…

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