The S&P market has been interesting lately. Everyone likes a move higher, but the overall trend I believe is corrective. This means that the market has no real direction, and is just moving back and forth. There is a possibility of a temporary top being in place, and we have to be prudent for it.
The market can only move in three directions: up, down, and sideways. That gives us an advantage, because then all we have to do is to play levels. However, those levels can become subjective if you let them.
We want to choose zones that are high probability, because it is easy to have so many lines that nothing makes sense. I have seen this happen unfortunately. When I analyze the charts I like to have my various timeframes to keep my multiple scenarios active.
That way I don’t accidentally get tunnel-vision and make a bad trade that isn’t in my trading plan. A crucial aspect of being a trader is being able to utilize your trading plan for your advantage. If you succumb to tunnel-vision then you become the puppet for the market. Noone wants to be a puppet.
If you need help with your trading that is what I am here for. If not then hopefully you enjoy the free content. Trading is all about bettering ourselves. I am a true believer that we are either growing or shrinking. There is no middle-ground. That keeps me going and moving forward, which is a very nice thing.
Of course, at times I feel like I am going nowhere fast, but then other times I feel on top of the world. That is how trading should feel. There are no major highs or lows, but just an ever evolving game that we like to play. A game that we can make money with.