S&P 500 cash market analysis and outlook

the line of least resistance is upward and this pullback is going to present us with a new menu with new low risk setups, manage open positions and be patient with initiating new ones, and for you that want to short now, plain and simple don't, if the market is going to tank there is going to be plenty of time to get on board, read the post below and don't predict, but follow your proven game plan

“Those who have knowledge, don’t predict. Those who predict, don’t have knowledge.”

~Lao Tzu

Are you prepared ?

"Being prepared, on a few occasions in a lifetime, to act promptly in scale in doing some simple and logical thing will often dramatically improve the financial results of that lifetime. A few major opportunities, clearly recognisable as such, will usually come to one who continuously searches and waits, with a curious mind, loving diagnosis involving multiple variables. And then all that is required is a willingness to bet heavily when the odds are extremely favourable, using resources available as a result of prudence and patience in the past."

- Charlie Munger

UNG - b - now

above weekly view and below daily charts

higher low, buyable gap ( above 50 sma ), and now a breakout through last swing high, trend changes at this point on daily time frame, now looking for follow through and for the price to accelerate higher, and then to have an orderly pullback


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“If you realize that all things change, there is nothing you will try to hold on to. If you are not afraid of dying, there is nothing you cannot achieve.”

~ Lao Tzu