Morning Briefing/ Reminder on S&P 500
Morning Briefing/ Reminder on S&P 500
Market Morning Briefing
Goodmorning traders and investors,
If you have not read our report from last night please do so. We also have offered a 14-day free trial so you can get access for free for 14 days.
This morning I just want to issue a quick reminder…
S&P 500
Guys, Gals…
The S&P 500 has broken down below a multi-month consolidation level last month and it has remained weak this month as in result.
Buying below the breakdown level is basically going against the trend and trading on the line of MOST resistance so, therefore, you are stacking the probabilities NOT in your favor.
As you can see the breakdown is currently in play at the top right side of the chart.
We saw massive monetary and fiscal policy influencing the markets over the past 16+ months but, now the FED is doing a complete reverse and trying to cool off the economy.
You need to understand that not all conditions, every year, every month, every week are bullish. If they were, then everyone would buy the S&P 500 and be rich.
What we are seeing in the markets is normal given the circumstances of the current monetary and geopolitical conditions.
As traders, we must focus on maintaining our edge and when our edge fades we must also reduce the size or stop trading.
Best of luck.
-Lusso’s Research Team
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