Today is basically flat. Market moved in a narrow range after morning's pulling up to fill the down gap. My two trades shown here are too flat, no gain no loss.
After taking a careful look at today's move and close, my call on the long side made from yesterday (4/27)'s close is still intact. Nothing changes. The trading plan for now is to wait for a dip where you feel comfortable to buy and hold. People may have their personal risk tolerance and different money management strategies. So only you know what kind of a dip fits your trading. Surely, I will post my real time trades here FYI, which are definitely not paper-trading. I manage my real money seriously.
One thing is clear in my mind, this round's trade on the long side would have a higher exit point than where we closed right now (SPX 855, IYR 31.74, XLF 10.43), according to what Pivot Trend System gives me. The thing that matters to me is when I should re-load new long positions. Market right here could go either way, mild down for more days, or fly away quickly from tomorrow, which I couldn't tell at this moment.
I personally may consider to load a little AH today.
Slow market day gives you more time to think about your trading plan again!
Morning Post 03/03/2025 SPX
3 hours ago
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