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Tuesday Morning Rundown on the Emini SP500 and What to Expect! 10-19-21

Oct 19, 2021

Hello my friends! Been a while and things have been awesome and crazy at the same time! I had some major mic issues yesterday and with the new computer-- I've had a bit of a learning curve in a few areas—not to mention I had a bit of that Mexico delight that put me down for a day—but all is good and recovered now! So, long story short, Monday rundown this week is on Tuesday! 😊
 
So, the market this morning was telling us that it is pushing down BUT into areas where we can anticipate the market to move up. The Daily chart was screaming to the upside, but our smaller charts said, "not so fast my friend! We still have some momentum pushing down!” And those kinds of mixed bags will keep you on your toes.
As I've always said, I'm a pattern, in the moment trader and that requires us to pay attention to being aware of what it is saying RIGHT NOW. This means, we may see reasons for longs AND shorts within a matter of minutes—and both can be correct. It always depends on how far you expect it to go, if you're with the direction of the overall market or the pullback and keeping close watch on when the slowdown is happening.
Either way, the market gives HUNDREDS of opportunities throughout the day—all we have to do is listen, pay attention and do whatever it takes to not form an opinion in which we try to force the market to do what we want it to do, instead of what it is telling us. Keep that always in mind and you will become the type of trader you can be proud of every day.
 
Alright, I've got a ton of catching up to do this week and looking forward to getting some trades in within the next few days, so I'm sure I'll catch y’all around soon! Much love good people and beautiful lessons to all!

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