SPDR S&P 500 ETF TRUST

Missed It By That Much! 20th January 2023

204
🖼 Daily Technical Picture 📈

➤ Yes, that's exactly what happened with my long position. A large move higher in equities the day after I got out (for a loss). That basically sums up why Trading can sometimes be so frustrating. These days I just take a deep breath and move on. My younger-self would have tore my hair out!

➤ So what does this bullish move mean? Very little in my opinion. It's just another choppy day. We need to see if the S&P500 can break above 4000 or it goes back below 3900. A move in either direction should determine the primary trend for the next week(s).

➤ I currently hold no position.

➤ Conclusion: Standing by to see which direction the market favours.

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