Monday October 2, 2023 RDT Market Emini S&P Market Rundown with Lessons on Divergence on Smaller Charts with Strength on the Bigger Charts

Hello my friends!  First, I’d like to start with a reminder that we only have 10 more days to get in your application for the 2023 RDT Scholarship and only 18 more days to know who will be our new scholarship winners!  Remember there will be 4 winners.  Two will have full access to the VIP membership while 2 will have access to the Start-Up (or Independent Study) membership WITH some extra perks involved.

Now, on to the market!  Sheesh—My hopes and dreams of seeing it go up a little hirer last week were definitely pushed way, way down.  In the immediate, it did move up just slightly, but in reality, it has moved quite a bit to the downside.  In the long run, this can be perceived as a pullback after years of price action moving to the upside.  But a deep pullback IS a deep pullback—and can give a lot of opportunity to collect some profits to the downside.

The main thing is to pay attention to what the market is telling us and do all in our power not to try to tell the market what it is doing.  It can be difficult because we are humans who form opinions… and we can tell ourselves at times that our opinion is the right one (when we may just have some learning to do).  There is no better lesson in humility than when you tell the market what it should be doing while it shows you what it is ACTUALLY going to do lol

Well my friends!  I will be getting packed up to head to Mexico for a few days and next week’s Monday rundown will be with one of our last Scholarship winners, Cesar, and I’m super excited to have him as a part of the action!  If you’ve got questions about what we see on the charts here or the scholarship, please feel free to reach out and we’ll be happy to point you in the right direction!  Much love traders and have an excellent week!