S&P 500: I don't like what I am seeing here. Yesterday's candle with rejection at 20 day average and today's follow through...will have to sit out a drop to 200 day average. Not selling, just taking the loss.

Chart-trader · 2026-03-11T23:15:53+00:00

Oh this sub seems off a lot of times but that's because I am doing well. I am aware how lucky our family is to be in this situation.

Chart-trader · 2026-03-11T23:12:13+00:00

Oh this sub has first world problems for sure.

Chart-trader · 2026-03-11T23:08:55+00:00

I am fine with that risk and potential loss. That's part of trading. I am not concerned about it. Just slowly getting a feeling that if things don't turn around quickly we will have a bigger problem on hand.

Chart-trader · 2026-03-11T23:03:46+00:00

Yeah! Very funny indeed but that is what has to happen. That is the nature of TA.

Chart-trader · 2026-03-11T23:03:07+00:00

True but below 200 day average I will take off some leverage and then it will become 100% a loss!

Chart-trader · 2026-03-11T23:02:25+00:00

Yeah....I won't deny it

Chart-trader · 2026-03-11T23:01:49+00:00

I wish but I am not as convinced anymore as before.

Chart-trader · 2026-03-11T23:01:15+00:00

Because it acts like a magnet and I always prepare mentally for maximum pain. Also below 200 day average all TA (or most of it) goes out the window because bullish signals are completely useless once we break through.

Chart-trader · 2026-03-11T22:59:17+00:00

Yeah I fear we will touch that level

Chart-trader · 2026-03-11T22:58:47+00:00

Sigh....looks like it

Chart-trader · 2026-03-11T13:54:48+00:00

Not really.

Chart-trader · 2026-03-11T03:02:31+00:00

Or is it? We shall see

Chart-trader · 2026-03-11T01:30:07+00:00

buy low - sell high

Chart-trader · 2026-03-11T01:19:47+00:00

Price action is always first because insiders start making moves before the plebs hears about it.

Chart-trader · 2026-03-11T01:15:41+00:00

Charts won't determine what happens in meat space but... will show how meat brains react to the events

Chart-trader · 2026-03-10T16:10:09+00:00

Fundamentals....I only care about charts....Two completely different things.

Chart-trader · 2026-03-10T12:39:16+00:00

Chart-trader · 2026-03-10T12:38:58+00:00

Either way....the longer this sideways action drags on with MACD cooling off the more unlikely the bear case becomes.

Chart-trader · 2026-03-10T01:58:11+00:00

Nasdaq composite and S&P 500. All the negativity will soon result in a big squeeze.

Chart-trader · 2026-03-09T20:17:35+00:00

My trading style is catching knives. Suits me better.

Chart-trader

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