$SPX for the week 19 Mar 2018

This should be an easy call, right?

It should be, and one of the reasons why trading is not that easy, simple but not easy. The simple part is that this market is easier from the sidelines at the moment. Human conditioning leads us to believe that we are meant for activity. If I am not active in the market, how do I make money?

In trading that “need” for activity can lead to an adverse account balance. Sometimes just by sitting and waiting is the best course of action.

The S&P chart shows the choppiness around the 50MA and the “trendless” (or sideways trend) state of the market. There is not much more to be said at this time. Patience!

Conclusion: Use the time to be more productive elsewhere, trying to force a trade in these conditions will more than likely lead to a bumpy ride.

Hopefully the above helps you to further your trading. If you have any questions then please feel free to contact me on my FB page or email Miguel@TraderMig.com

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Good trading.

Miguel — TravelingTrendTrader

Email: Miguel@TraderMig.com

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