SPX500 SPY SPX updateLet's take a quick look at the SP:500 and see what's going on.
As stated in the video we have several scenarios going on here due to the fact that there's so much volatility as well as back-to-back major news to be expected all 3 days to end out this week. There will surely be movement in the markets on a scale worthy of trading. However, there's never any way to KNOW which way things will go. Especially in this crazy environment where often good news is currently BASD news for stocks due to the issues with High interest rates and fed policy issues.
I continue to say that most people are often better off sitting on the side lines and waiting for major moves and or to be buying now with a longer time frame for expectations vs just looking to swing trade and day trade these current markets.
Capital preservation is key in markets like this where the overall trend is DOWN. These moments of news can be used to by short dips if looking to sell the rips and or use the worst red days and deepest dips to DCA your longer-term investments.
Remember we are trading in a time of WAR and INFLATION with near Daily assortments of BAD news that MOVES marklets.
