🤨 When in Doubt...Find Support, 18th November 2022

🖼 Daily Technical Picture 📈

➤ I'm sounding like a Psychologist today. Professional Traders do make use of Psychologists or Coaches to analyse and evaluate their performance as well as for counselling and self-reflection. We amateurs often just mumble to ourselves.

➤ S&P500 gapped lower at open before rebounding to finish near the daily highs. The strong support level at 390 held well. It was a mixed bag for other indices. NASDAQ and Russell 2000 were particularly weak. Although it is a mixed picture, there is less doubt in my mind. I would like to get Bullish here.

➤ I currently have +34% long exposure in the market. Additional exposure is possible if prices move as I expect.The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.

➤ Conclusion: More action please!