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Sunday February 5, 2023 Emini S&P Weekly Rundown and What to Expect with Responsible Day Trading

Feb 06, 2023

Hello my friends! Well, I’m back after a week of vacation in one of the most magical places I’ve ever been—Tahiti! It was SO amazing that I actually chose to skip out on doing last week’s video and I apologize if I left anyone hanging. Sometimes, we just need that time to ourselves to let go and relax—and that is one of the most glorious things about what we do here.. being in control of our own time and how we spend it. 

So, on to the market! Yall, this is so exciting! While the market is opening with a push to the downside and we can see the expectations of it, the daily chart is still giving us long vibes. It is almost hard to believe that after a year of watching this move so strongly to the downside that we are (fingers crossed) coming up on change. The price has broken through an area of resistance that has been making it quite hard to see the possibilities, but now we see it! We have one more, pretty strong area, that we need to break through, then we are home free. 

Now, don’t get me wrong, we are currently opening with our trading charts showing both long and short term trends to the downside, but with the 28657 and the Daily chart already changing their direction to the upside, it could be for a very interesting week! As always though, it is a watch and wait situation. Trade what it gives you and never try to force it where you think it should go. 

Also, speaking of exciting, tomorrow we have a huge RDT announcement! I’m not sure of the exact time it will be out, but definitely keep your eyes peeled for what we have in store. This is something we’ve been wanting to happen for almost 3 years--- and now is the time that it will happen. If you have an idea of what it is, you may be right—but you will know for sure tomorrow  

Alright my friend—that is going to wrap up this weeks’ market expectations and it’s time for me to put the nose to the grindstone and get myself back in work mode. Much love good peeps and as always, you know I’m looking forward to catching YOU on the profitable side!

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