Here we are 1st day of May, and all time highs. It is like I can almost smell 160.37. Listen, I need to keep this fairly simple since today I am moving to the new house, and I already have movers here wrapping all my stuff.
The $NYMO is again close to being over bought, that bears are salivating on the sidelines.
$SPY 1st support is 158.822nd support 158.28 and 3rd is 157.59.
$SPY 1st target is 159.71 and 2nd is 160.37(Educated Guess).
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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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