6-26-22 Weekly Emini S&P Market Rundown with Responsible Day Trading

Well hello my friends!! We meet again!

Whoooweee this market has been a wild ride, and if you’re not paying attention, you may have found yourself on the side of donating to the market instead of being the one receiving. But hey—it definitely is part of the process of learning how to be present and responsible in the market.

So, let’s talk about what’s going on and how we’re going to keep our minds in the right space!

First, we can see that the market has DEFINITELY been giving the pullback that we were looking for! It gave a really decent pullback, which was anticipated by the MACDs on the Daily carts—but it doesn’t look like it will be enough to shift the market back up. This is only enough to give us a pullback into the expected areas so that we can continue to see more down.

 Now, in that same breath, we still have a lot of momentum to the upside, so I don’t think we’re done pulling back JUST yet—but the possibilities of this moving enough to change the entire trend of the market is doubtful. But as we always say around here—it doesn’t matter the direction, only the opportunity to hop on the ride and take advantage of the move!

As we discuss in the video, in order to make this happen, you have to pay attention to the viability of the move, the distance it has the possibility to run, your timing AND your stop placement. All of these, wrapped up with a pretty little bow are the keys to the kingdom my friends! But don’t worry—if you can’t find your keys—I’ve got a lot of spares ;)

On that note, I want to wish you all a beautiful and profitable week! And if you happen to lose from it—remember to learn from it. THAT is how you can find yourself becoming a full-fledged, RESPONISIBLE Day Trader. Much love peeps and we’ll catch you around next week!