After a 1 hour variation of an evening star during the London session this morning, I was alert during the New York session to see if price would be strong enough to push beyond its latest high; especially after a bullish engulfing. Price merely closed off with some buy exhaustion only to followed by a doji. This set-up looks like a false break of a major...
S&P500 Outlook for the 1st week of January 2023 on the 4 hour chart.
Looking for a minor high, or the beginning of a strong move to the downside to HEAVILY short the market within the first few days, or first trading week of January.
1) Always have your stop loss in place.
2) Always have your 'take-profit' target planned before entering.
3) Always be open to...