Okay—Its Monday morning and we need to talk a little bit about what has been going on—especially all of you who use love those MACDs and Divergence like I do but first, let’s talk a little about the news.
I did look through the medium and high impact news—and we do have just a little bit we do want to keep in mind. As usual, news should be announced and done its thing within the first hour of the market being open. But for those of you who like to trade pre-market, you’ll have a little extra to keep your eye on throughout the week.
Some like to make sure they’re out of the market 5 minutes before and/or 5 minutes after news announcements. If you’re in the testing phase of most funding companies, you’ll want to be strict with yourself about that rule because it can and will count against you if you’re not paying attention. UProfit Trader is actually only company, that I know of, that will not restrict you to sitting out during news. So, just make sure you’re highly aware of news if you’re anywhere else, because you will be hitting that resetting fee for it if you’re not careful.
Ok, so let’s talk a little about what the market has been doing since it opened up last night. SHEESH—can you believe it? It has been going up?! It just seems so strange and unreal that, in such a “tough time” that the world seems to be going through, this market keeps the steam to go up—but believe it, because it has!
If you’re a MACD/Divergence junkie like myself, then you’ll recognize that it has been quite a while since we’ve even seen a true pivot. Of course, we pushed everything to the downside back in March-May but once we saw this market get back above certain areas, it reset all of the downside action and had been trucking it to the upside ever since. (Explained a little more in the video)
Now, even though the MACDs have been leading lower this whole time, we’re reaching slightly uncharted territories in them. I looked back over the entire history of the Emini S&P and couldn’t find any other instance where the MACDs reached above the Zero Line more than 45% EVER before May of this year. So this means we’re either creating something new standards to “live” by OR we’re witnessing a-once-in-a-lifetime event like we did when it dropped so unbelievably low earlier in the year. Either way it goes, it is exciting to be a part of it!
So, I’m going to continue to stay on my toes. I’m going to keep my eyes on the MACDs and the price. I’m going to quite the chatter in my head. I’m going to take it down a notch when the market tells me it is time and I’m going to step it up when the signals come my way—working each day not to force the market into my own little box but to keep myself keen to the possibilities that lie ahead of me for the week. Reminding myself that the only way to stay consistent is to remain willing and open to all the opportunities that come my way!
It may not be easy, but it will definitely be worth it. Keep your eye on the prize my friends! And try to keep in mind a quote I read from Brendon Burchard in his book High Performance Habits, “In improving your life, ease is not the point—growth is the point.” Much love good people…Let’s get out there and grow this week!