The Daily Market Forecast
Thursday’s Best S&P Turning Points Results: The short @ 4196.75 failed but triggered 3 minutes to the close (filtered out based on time).
Quick Tip: In Your Head
Yesterday I shared a quote from Curtis Faith in his book “Way of the Turtle,” because Curtis was the most successful of the legendary Turtle Traders, and I re-read his book recently.
BTW, Curtis was chosen to learn to trade the “Turtle” way at 19 years old and excelled to #1 amongst his peers. I don’t know Curtis personally but based on his success, he KNOWS trading.
In the bibliography of the book Curtis gives his recommended reading list. 25 books in total. Can you guess what aspect of trading was titled in 12 of those books?
Psychology.
‘Nuff said.
If you want the tools and techniques to change your behavior and catapult your trading results, click here for details.
The World Sentiment Index: (+100/-100) PLUMMETS from +50 to -7 in a world of mixed sentiment and lower volatility. Longs historically outperform with 74% of the sessions closing higher from the open but for today we’ll need Powell’s help.
Catalysts: International Trade & Personal Income @ 8:30. Powell speaks @ 10:00.
Today’s Best S&P Turning Points: Given the expected volatility Volume Profile reversals are on hold today.
Trade Fearlessly,
Mike Siewruk
P.S. Multiple strategies, software tools, teammates, and coaching. Learn why you should join our team here. For a personal consultation to assess fit (without selling) email me for an appointment: mike@thedailymarketforecast.