S&P Market Crash: Use Basic Economics. It Helps.

15 Eyl 2023

Hey Traders,

This is probably one of the most important lessons you could possibly learn in trading futures and it's all about the economics of the market and what makes things tick.

Markets like this are ruled by the state of the global economy and any changes take time to occur.

They are not instant and that gives you time to prepare and focus on what may happen in the future based on what you've seen already.

I covered this here:

What you can see on a technical basis is almost directly reflected in what you have seen on a fundamental basis. In other words, the rise in the S&P is reflective of preferred market conditions post financial crisis.

I covered this similarly in my other post:

So essentially, the golden rule is not to be naive in front of long term extreme conditions. The opposing side that follows is likely to be extreme to.

Watch for a full explanation.

15 Eyl 2023

Not

Refer to other post for the above:

15 Eyl 2023

Not

Maintaining long term short bias into next week.

16 Eyl 2023

Not

Read news over weekend.

17 Eyl 2023

Not

Mega news week next week especially Wed. Make sure you keep an eye on developments.

17 Eyl 2023

Not

Some days with extreme news sentiment, be ready.

19 Eyl 2023

Not

Mixed near term sentiment. Heavily awaiting FED news. Short bias remains, but would not be suprised if we RE push higher. Further DCA shorts planned.

20 Eyl 2023

Not

Do not try to guess Fed news. If you are holding long term shorts you can still hold, although gains may be further away. IF you are intraday/swing you can exit / lock in profit. You are at early support and it is not showing much for a further down move yet.

To be clear;

1. Traders who are looking short long term will likely need to wait long term.

2. Traders who are shorting at previous local highs can exit for more local gains continually as price falls.

In any case, do not guess what the FED will do or say. It ends bad.

21 Eyl 2023

Not

To reiterate further, if you had it short and want to be out now that is OK. Your job would be to RE short on rises.

Otherwise, you're holding long term.

21 Eyl 2023

Not

Down goes SPX further. Exit for gains.

23 Eyl 2023

Not

You can take very light longs for a bounce Mon.

25 Eyl 2023

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Oh and looking short on a higher bounce to near resistance. TGT coming soon.

26 Eyl 2023

Not

4212 Next area of key scale in support. Would not go heavy at all.

28 Eyl 2023

Not

Global indexes falling further as expected and predicted. Scale in light.

29 Eyl 2023

Not

Minor drifts occuring. Far higher rebound needed for (light-mid) Re short.

3 Eki 2023

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Looking to re enter shorts.

3 Eki 2023

Not

Exit all shorts.

Looking long nearer 4200

5 Eki 2023

Not

Shorts come way higher and lightly circa 4350.

6 Eki 2023

Not

Still no entries, awaiting news to pull us around.