The S&P Market has been very interesting lately. From October to the first of December it was in an uptrend. With the exception of a few days, December has been a down month. However, moving forward I am tracking a few scenarios, and expect one to present itself soon.
Day trading is a ton of fun for me, but it is important to not get lost in the granular. That is why these videos are important. Always keep the big picture in your mind. It is similar to traveling with a map, or these days an app with a map. It gives you the big picture, but also the shorter-term picture or directions. In trading, the map is being made in real-time is the big difference.
The bigger trends will move the smaller trends quicker when they are moving in the same direction. That is not the main reason to stay abreast of the big picture, but it is a good reason. The main reason is to find out if the larger move has completed or not. There are usually clues, but not all the time. That is why keeping multiple scenarios is a great idea, and when one shows itself I can use that until it goes away