Despite yesterday’s breakdown, Honeywell (HON) has quickly reversed course and now on the verge of a breakout. Quite the clown market we are in.
Caterpillar (CAT) intraday breakdown of support has now seen a sharp intraday rebound. Watch declining resistance above.
Communications Sector (XLC) ripping higher on Meta Platforms (META) earnings, but closing in on some heavy resistance. Break through and you have a confirmed inverse head and shoulders pattern.
Amazon (AMZN) breaking out, ahead of tonight’s earnings, above two major resistance levels.
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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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