It has been a while since it last happened but we didn’t enter the market once this week. When I look back at the market, that’s no surprise. Our strategy keeps us safe in sideways markets and apart from the Fed’s surprise on Wednesday, the market has been VERY sideways. An early opportunity to trade the anticipated Daily Pivot test yesterday, was ignored and again, no entry.
The market needs to recover from the Fed’s backflip.
The Day Ahead
Really impressed how our strategy prevented us from being caught in the traps the market set this week so I’ll carefully journal the danger areas, for future reference.
“Let us be as watchful after the victory as before the battle.” ― Andrew Bonar
Have a great weekend everyone.