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Sunday December 4, 2022 Weekly Emini S&P 500 Rundown with Responsible Day Trading

Dec 05, 2022

Hello Traders! Well, we’ve made it to December and while there is a lot of hustle and bustle outside this time of year, the market is going to behave exactly opposite. During this time of year, we do see the market start to slow down and knowing what to do with the slowness is extremely important. It can be MUCH more difficult because we, as humans, will find ourselves 2nd guessing our decisions when there is a LOT of time to think about it. Just saying, SIM never hurt a soul. Now, as we’re looking at what the market has given us, we have finally seen a 2nd pull away from the Daily EMAs where there was a close higher than the previous close. This is typically indicative of a move back to the upside—but if we really look at where all the high pivots have happened on the Daily, we can see we’ve just come into a STRONG area to create the bounce down. Now, as I’ve said a million times before, I’m an optimist, so I would like to see the market go up—but I’m also a realist, and know that this is a VERY strong area and we will have to break through it, then pull back to it, before I really expect to see a longer term trend to the upside. As always though, only time will tell. That is going to wrap things up my friends! Next week, you’ll be hearing from Jason, as I will be traveling—but I know y’all love his different spin on things, so it is always great to have a different perspective! I hope that everyone has a fantastic week and much love good people!

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