SPX first gap in 4,072 area. Let's see how things react when we
get there. Lots of room for downside for this pullback. I think the
9 day was at 3,997 when I looked at the longer term chart on
Friday.
5 gaps below now. A great trader told me once when you get too
involved emotionally, take a step back and look at the chart. And
right now the best hand is to be looking for downside as markets
bump their head on resistances.
No need to add to longs quickly here. One day at a time. I'll
see how it closes tomorrow and reassess.
Preparing for a trip on Friday as my good friend's Mom passed.
Great lady, 88 years old. So I'll have to decide whether I'll be in
cash or just make adjustments on the close. Traveling Monday as
well.
Making daily money is tough to pass up though sometimes having
my time to myself is worth it.
I'll definitely be in cash for my wife and I's cruise in the
trading account the last week of August. I'm planning to close out
the week prior, Thursday or Friday in preparation. I'll have to be
satisfied with going away on a high note. Going to cash makes so
much sense as I won't even have to carry a phone for a
week.
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SPX first gap in 4,072
Posted by fundamentalvalues on 31st of Jul 2022 at 08:36 pm
SPX first gap in 4,072 area. Let's see how things react when we get there. Lots of room for downside for this pullback. I think the 9 day was at 3,997 when I looked at the longer term chart on Friday.
5 gaps below now. A great trader told me once when you get too involved emotionally, take a step back and look at the chart. And right now the best hand is to be looking for downside as markets bump their head on resistances.
No need to add to longs quickly here. One day at a time. I'll see how it closes tomorrow and reassess.
Preparing for a trip on Friday as my good friend's Mom passed. Great lady, 88 years old. So I'll have to decide whether I'll be in cash or just make adjustments on the close. Traveling Monday as well.
Making daily money is tough to pass up though sometimes having my time to myself is worth it.
I'll definitely be in cash for my wife and I's cruise in the trading account the last week of August. I'm planning to close out the week prior, Thursday or Friday in preparation. I'll have to be satisfied with going away on a high note. Going to cash makes so much sense as I won't even have to carry a phone for a week.