Morning Plan 04/10/25

You Can Be Right Without Being a Jerk

GOOD MORNING, DEGENERATES,

Yesterday was absolute madness—in the best way possible. If you were around, you’ll remember I came into the day violently bearish and kept shorting ES 5060 over and over until it finally gave up and broke. That alone netted us a solid 140 points across three short trades. But based on the morning plan, algo signals, and—most importantly—the break of 5060, I flipped and went full bull mode right around 9:30 AM PST. Additionally, this was mention in our plan from yesterday as well :
I expect that downside to continue into at least 11 AM. Somewhere around 10:30 to 11, a headline or news drop might bring some stabilization.

We opened SPY 530c 04/11 for a laughable $130 per contract. Fast forward a few candles and those babies were printing at $1,700 each. Watching SPY melt up while our options mooned kind of reminded me of how I can look at a dessert and gain five pounds instantly—except this time it was my P&L doing the bulking.

All in all, an incredible day. I’m currently flat and feeling great. But before you let the bull fever completely take over your bloodstream, let me say this: if you think that whole drop earlier this week was "because of tariffs," then you’re missing the bigger picture. Bear market moves don't need reasons—they’re built on underlying conditions. News just plays messenger.

I ran my long-term SPX model last night, and I won’t sugarcoat it—the outlook isn’t exactly glowing. The model forecasts a potential move down to 2200–2700 in the next 8–14 months. Again, I’m not short. I’m not fearmongering. I’m just sharing what the model sees. The future? No clue. But whatever the trade is, we’ll be in it.

Just a heads-up: there are plenty of spammy impostors out there pretending to be me, trying to lure you into their shady Telegrams, Discords, or copy trading nonsense. Spoiler alert: I don’t have a Telegram, Substack chat, or any other social media (seriously). For the full scoop on my actual socials, check the pinned post on my Substack. The only Discord I run is this one: https://whop.com/mrwick-s-trading-pit/—and it's currently locked down. Stay sharp!

---

ALGORITHM SHENANIGANS:

Massive move days usually leave the market hungover for a while. And our lovely little algorithm agrees. For today, it’s suggesting a slide between 6 AM to 8 AM PST, followed by a bounce—but one that probably gets sold into again, overall my bias for the day is SELL THE RIPS. Low conviction trades after a monster day like yesterday are generally a recipe for giving profits back. So I’ll be cautious, maybe even in full spectator mode.

If you haven’t read the weekly update, do yourself a favor and go read it. It’s there to help—not to be ignored until Friday night when FOMO kicks in.

And just like always, these algorithm insights are just confluence, not gospel. If they were divine truth, I wouldn’t be sitting here writing this—I'd be running a hedge fund from a yacht named “Drawdown.” So don’t trade blindly off them. They’re here to support, not lead.

---

IMPORTANT LEVELS FOR THE DAY:

ES: 5682, 5863, 5735, 5606, 5337, 5246, 5119, 5002
NQ: 21218, 20800, 19908, 18821, 18299, 17772, 17302

---

ES DAYTRADE PLAN:

• ➤ Price is approaching the 5402–5412 resistance band; a strong break above this could open the door for a push into the 5437–5453 zone.

• ➤ However, if price fails to hold above and rolls over, look for support to first come in around 5352–5363.

• ➤ A breakdown below 5352 could trigger momentum toward the 5277–5293 zone, and if selling accelerates, 5237 comes into focus as the next downside target.

• ➤ Overall, we’re sitting at key levels—react accordingly, not emotionally. Let the chart lead, not your bias.

• If you remember yesterday, I posted a tale of LVNs: we tested on LVN on SPX and traveled to other. Once we are below the upper LVN, this will melt down like a ice cream on hot sunny day walk.

  

---

Look, if you’ve had a great week so far, clock out early and go enjoy your profits guilt-free. Seriously. You’ve earned it. And if your week’s been rough—hey, I feel you. Yesterday’s move was a portfolio killer for a lot of traders, and you’ve got every right to be frustrated. But don’t try to "fix it all" in the last two days. That’s how smart traders turn into cautionary tales. Instead, use the weekend to reset. Read, study, review your trades. This game is deep—there’s always more to learn, and leveling up starts with reflection, not revenge trades.

Now, I know a bunch of folks are out there flexing and clouting on Twitter like they just discovered options trading yesterday. But here’s the truth: when moves happen this fast, stops don’t even trigger—people lose fortunes in seconds. And while it might feel good to be on the winning side today, don’t forget—tomorrow, that red candle might have your name on it. I've seen some of y’all clowning on others’ losses in the server yesterday, and I told you to cut it. But just a general reminder: have some damn empathy. The world’s already full of clout-chasing, dopamine-addicted half-traders—don’t be another one.

You won’t always win. If there is day, there will be night. The sooner you accept that, the longer you’ll last in this game.

At the end of the day, everyone wants to make money. But wanting it isn’t enough. You’ve got to sharpen your edge. And sometimes, the best trade isn’t in the charts—it’s taking a break, getting better, and coming back stronger.

And of course, here’s your regular disclaimer: This is not financial advice. This is financial improv.
Treating this like advice is kind of like shorting NVDA in 2023/24 because “it’s gone up too much”—sounds smart at first, but ends with you questioning your life choices while margin calls knock on your door.

Until next time,
Wicky ✌️