S&P500 Outlook for the 1st week of January 2023 on the 4 hour chart. Looking for a minor high, or the beginning of a strong move to the downside to HEAVILY short the market within the first few days, or first trading week of January. 1) Always have your stop loss in place. 2) Always have your 'take-profit' target planned before entering. 3) Always be open to...
S&P500 Outlook for the 1st week of January 2023. Looking for a minor high, or the beginning of a strong move to the downside to HEAVILY short the market within the first few days, or first trading week of January. 1) Always have your stop loss in place. 2) Always have your 'take-profit' target planned before entering. 3) Always be open to being wrong,...
The January Barometer is a statistical phenomenon that looks back at the last 50+ years of the SPY's history and states that (as of last year): A POSITIVE close in January has a 83% chance of a positive year A NEGATIVE close in January has only a 65% chance of a positive year (we just had this happen) A POSITIVE close in January has a 70% chance of a...