10/17, Be flexible, shift Gears When The Market Changes if

Be flexible, and shift Gears When The Market Changes if applicable. 

Looks like current key level of SPY is around 436 now, either breakup to 443, or pull back to 426 area.  The trading breadth is pretty narrow in the past several days, almost within the breadth of Oct 12.  So the market still not decide which direction yet now.

Considering so many uncertainties such as the war Isreal vs Hamas, hopefully it will be such constrained at local level. But who knows, if it expands more widely, the market will be definitely affected. So maybe it is a safe option to reduce some long position around this key level SPY 436 area.  Then waiting for the direction, once the trend is more clear, we just follow through it.    Good luck.

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• Technically, the lower open today favors the bull side -smalldrop- ♂ (0 bytes) () 10/17/2023 postreply 08:00:39