Algos bought up the dip today at 394 strong af or maybe it was the bank of Canada that said they are expecting to hold rates steady, it did go up when that news dropped. Either way risk management is important with this market that wants to start a bull market and bears are losing ground now with 3 days of closing at 400. Tomorrow we have a data drop that could force some shorts to cover. Core durable goods a high number will be bullish,GDP and initial jobless claims we know a lower number is bullish normally so a high one should be bullish since the news action is reverse still. So tomorrow pre market will be interesting also with Tesla taking off right now. I believe we will retest that 410 number by the end of the month. The black swan to keep an eye on is the Ukrainian war things are getting interesting with the news today and the 1 year anniversary is right around the corner. Make sure to block the noise don’t pay attention to the people posting big gains focus on your account compound little by little the market isn’t going anywhere.
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck
