Weekly Plan 9/24
Last Line of Defence
Hello traders,
As outlined in last week’s plan we did see a good fall in the equity indices.
Weekly Plan 9/17
Hello traders, This week we have the all important FOMC and people expecting Jerome Powell and co. to do yet another skip on the rates. We caught the excellent drop last week from 4545-65 range and now will wait until Powell for a larger directional move.
The Here and Now
In the cosmic theater of the markets, the S&P 500, our hero, took a bruising last week. The index sank 133 points—3% week-over-week. But remember, high peaks often precede deep valleys. From its zenith in July, the index has declined by 6%. A lesson in the fleeting nature of highs and lows.
Balancing on the Fulcrum of Price Points
Pivot points act like fulcrums upon which market sentiment balances. This week, eyes will be on 4363. These are the market's acupuncture points, triggering shifts in sentiment. If the index punctures these points from above, the bulls will carry the day. Should it fall short, the bears will seize the narrative
The Dance of Probability
Although history tends to favor the bullish outcome in October, markets are not confined to the past's script. They are an ever-evolving blend of fundamentals, technicals, and human emotion. A 1% loss in the last week of September is history's average; 9% gains from October to year-end are common.
Markets, like life, are a game of probabilities, not certainties. Understand the landscape, but never presume you've mapped every variable. Act, but do so with wisdom, humility, and strategic risk management.
Moving on,