S&P Market Crash: Use Basic Economics. It Helps.

15 Sep 2023

Hey Traders,

This is probably one of the most important lessons you could possibly learn in trading futures and it's all about the economics of the market and what makes things tick.

Markets like this are ruled by the state of the global economy and any changes take time to occur.

They are not instant and that gives you time to prepare and focus on what may happen in the future based on what you've seen already.

I covered this here:

What you can see on a technical basis is almost directly reflected in what you have seen on a fundamental basis. In other words, the rise in the S&P is reflective of preferred market conditions post financial crisis.

I covered this similarly in my other post:

So essentially, the golden rule is not to be naive in front of long term extreme conditions. The opposing side that follows is likely to be extreme to.

Watch for a full explanation.

15 Sep 2023

Catatan

Refer to other post for the above:

15 Sep 2023

Catatan

Maintaining long term short bias into next week.

16 Sep 2023

Catatan

Read news over weekend.

17 Sep 2023

Catatan

Mega news week next week especially Wed. Make sure you keep an eye on developments.

17 Sep 2023

Catatan

Some days with extreme news sentiment, be ready.

19 Sep 2023

Catatan

Mixed near term sentiment. Heavily awaiting FED news. Short bias remains, but would not be suprised if we RE push higher. Further DCA shorts planned.

20 Sep 2023

Catatan

Do not try to guess Fed news. If you are holding long term shorts you can still hold, although gains may be further away. IF you are intraday/swing you can exit / lock in profit. You are at early support and it is not showing much for a further down move yet.

To be clear;

1. Traders who are looking short long term will likely need to wait long term.

2. Traders who are shorting at previous local highs can exit for more local gains continually as price falls.

In any case, do not guess what the FED will do or say. It ends bad.

21 Sep 2023

Catatan

To reiterate further, if you had it short and want to be out now that is OK. Your job would be to RE short on rises.

Otherwise, you're holding long term.

21 Sep 2023

Catatan

Down goes SPX further. Exit for gains.

23 Sep 2023

Catatan

You can take very light longs for a bounce Mon.

25 Sep 2023

Catatan

Oh and looking short on a higher bounce to near resistance. TGT coming soon.

26 Sep 2023

Catatan

4212 Next area of key scale in support. Would not go heavy at all.

28 Sep 2023

Catatan

Global indexes falling further as expected and predicted. Scale in light.

29 Sep 2023

Catatan

Minor drifts occuring. Far higher rebound needed for (light-mid) Re short.

3 Okt 2023

Catatan

Looking to re enter shorts.

3 Okt 2023

Catatan

Exit all shorts.

Looking long nearer 4200

5 Okt 2023

Catatan

Shorts come way higher and lightly circa 4350.

6 Okt 2023

Catatan

Still no entries, awaiting news to pull us around.