The Daily Market Forecast
Thursday’s Best S&P Turning Points Results: Neither trade triggered.
Quick Tip: No Scarcity
You probably noticed that the Turning Points shared here frequently don’t trigger. Sometimes a few days can go by without a trade.
You may be thinking, “This is not enough action for me.”
On the contrary, this strategy provides an abundance of opportunities every day. The chart above shows all the trades that teed up yesterday BEFORE lunch. And this is from only ONE of five strategies. We scan several dozen setups for the best every day.
Now you may be thinking “That is too much action for me.”
It’s all about mindset. If you approach abundance with greed and obligation to trade as much as possible you’ll suffer. You’ll over-trade and under-analyze. Your results will be marginal at best.
If you approach abundance with a selective mindset you’ll benefit. You’ll get pickier about your trades. You’ll lose FOMO. Your impulsivity will drop. All because you aren’t worried about a great trade coming your way. You KNOW they’re coming. Click the link below to learn more.
The World Sentiment Index: (+100/-100) SOARS from zero to +86 in a very BULLISH world. Historically the market will close up from the open 63% of the time.
Catalysts: Nothing major on the economic calendar. The USD is dropping after a record run (sell the rallies, buy the dips).
Today’s Best S&P Turning Points (consider wider stops and less size in fast moving markets):
Buy 4014.75 stop 4010.75.
Short 4104.50 stop 4110.25.
Trade Fearlessly,
Mike Siewruk
P.S. Multiple strategies, software tools, teammates, and coaching. Learn why you should join our team here. For a personal consultation to assess fit (without selling) email me for an appointment: mike@thedailymarketforecast.