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Emini S&P 500 Monday Morning Market Expectations with Responsible Day Trading

Mar 21, 2022

Hello Traders!  Happy Monday!!  I made a little switch up and decided to start my Monday Market Rundown on Sunday Night right before I hit the hay, which will (fingers crossed) have this out for you a bit earlier and help me utilize my time just a bit better on Mondays.

Luckily for my first attempt at it, the market moved like MOLASSES overnight—we only had about 30 bars that were created on the 1597 in the time I closed it down on Sunday to reopening on Monday.  And even though it took a little bit of time to move things, it still came down to touch the first area of support that was anticipate—being the area of the 10946—and then bounced off of it like they were polar opposites.

This lead to the market pushing back up, and while things are still pointed to the upside, I want to keep my mind open to a bigger pullback as I’m watching my MACDs struggle to go up.  Part of that may just be me, knowing that the resistance area above me is too close to currently take a long, but I’ve always found value in waiting for it to work itself out before I try to impose my opinions on it.  It tends to allow me to live to trade another day.

Alright folks, that’s going to wrap it up!  Feels nice to have this to you a little earlier than usual this week and I think it will be a new trend for myself.  Much love my friends and as always, you know that I look forward to catching YOU on the profitable side!

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