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mrjones2020
Jun 5, 2023 10:42 PM

SP500 Update 

US SPX 500OANDA

Description

Today put in a Squat Bar (Bill Williams Theory) as well as a Wiseman Div. Not what we want to see. Bulls don't want to relax here, it's not a good spot to take a rest.

If you're in good profits, now may be a time to take a lil off. Or tighten up stops etc.

The sector chart I referenced ( Communication, Discretionary, Energy etc) didn't show in the video, I guess TV doesn't allow other windows to be shown... but it's a StockCharts image showing which Sectors perform at which points in the Business Cycle... And all indications based on that chart show us in a Recession. Time will tell.

As always, good luck, have fun, practice solid risk management.

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