S&P Sleep Walking To Resistance

15 févr. 2023If you are going to let Retail sales come out today and 'Guess' the outcome...It's gonna hurt.

Let the market move to higher Reasonable Resistance and/or fall to comfy Support. We can NOTE our future zone slightly above recent highs due to lack of downside impetus. Recent news has fed rate hike fears but nonetheless various global markets continue to push higher. This means you need to scale in short and take a constructive approach to the current market situation mainly suited to scalpers due to lack of movement.

The news ATM is not strong enough for a larger push and that is why we are waiting for it to wake up (hence the image). And, sooner or later, just like every other chart you ever watch me post or every stream I do.... It moves and it moves fast. You must be there to catch it when it does.

Remember, all trades need planning and management. That is essential and at the core of successful Trading..

Do not fomo in and do not try to rub your crystal ball. It's much better to use this market to gauge the overall mood and judge your decision and risk management based on that.

Trade Logic, Trade FACT.

A Much better approach.

28 févr. 2023

Commentaire

Make sure you are totally out of short positions.

Enormous fall.