NOTHING bearish about today at all. It was only a pull back into the weekly 9MA, to create the first 9M AHL after resent breakout.
We are now creating a daily base where we can expect a sideways to higher market aka correction through time. Similar to 2018.
Look at the rotation taking place outside of tech. There is nothing to be bearish about AT THIS MOMENT.
If we see acceptance form (consolidation at lows that confirm sellers are stepping over buyers and PRESSING), like in red scenario. Then, YES, that will be INFORMATION we are getting to tell us to look for lower. Until then a correction through time.
the only reason traders say 1-2% is because they think mimicking the hedge funds and private firms is going to make them rich.
They are trading with $100M+
You are trading $1,000
Bro if you don’t go risk 10% with a 1:3+ setup
( 1-2 trades per week max )
3 part series of my hourly $SPY charting.
Week 1: Identifying the Golden pivot for the week
Week 2: identifying the bull and bear levels for the week and what they mean
Week 3: identifying the extension target levels off the three key levels for the week
Coming soon 😘
Time.
Money mistakes can often be corrected, but when you lose time, it’s gone forever.
Time in perspective;
To know the value of 1 year… ask the student who failed the fina exam
To know the value of one month . . . ask the mother of a premature baby.
To know the value of one week . . . ask the editor of a weekly newsmagazine.
To know the value of one day . . . ask the wage earner who has six children.
To know the value of one hour . . . ask the lovers who are waiting to meet.
To know the value of one minute . . . ask the person who missed the plane.
To know the value of one second . . . ask the person who survived the accident.
To know the value of one millisecond . . . ask the Olympic silver medalist.
Excerpt from
“Today Matters” by John C Maxwell