🀨 When in Doubt...Find Support, 18th November 2022

πŸ–Ό Daily Technical Picture πŸ“ˆ

➀ I'm sounding like a Psychologist today. Professional Traders do make use of Psychologists or Coaches to analyse and evaluate their performance as well as for counselling and self-reflection. We amateurs often just mumble to ourselves.

➀ S&P500 gapped lower at open before rebounding to finish near the daily highs. The strong support level at 390 held well. It was a mixed bag for other indices. NASDAQ and Russell 2000 were particularly weak. Although it is a mixed picture, there is less doubt in my mind. I would like to get Bullish here.

➀ I currently have +34% long exposure in the market. Additional exposure is possible if prices move as I expect.The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.

➀ Conclusion: More action please!

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