Here’s the chart that I think warrants the most consideration today and pretty much sums of the current state of market affairs. Should the bulls hold it, they have a slight heart beat, but if they break below, it probably gets ugly in the months ahead and we are opening right at that level.
Here’s the SPX chart:
Welcome to Swing Trading the Stock Market Podcast!
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Watching the dollars rise and fall in your trading account can turn a well-planned swing trade into an emotional, deeply personal decision. In this episode, I explain why focusing on price action, percentage returns, and R-multiples can help you avoid cutting winners early, holding losers too long, and abandoning your trading plan.
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