Every ES trader needs to hear this.
Today's Review OVERVIEW SPX & SPY ATH Still zero pullbacks… As we sprinted right into a new SPX/SPY all-time high! Always use the cash market in front of the futures market when determining all-time highs! Wow… What a move. My absolute least favorite place to trade is at all-time highs. How do you short at an all-time high??? How do you initiate a long at an all-time high??? Once again, I am in Stand Down mode. It's really the absolute best. Stand Down For two days, I have begged traders to stand down. Pretty good advice, it seems. Not every day is a trade day… no matter what some gurus on Twitter might tell you! Yes Yes, it can keep going up and up and up defying ALL 'logic'. Countering when bulls control is a losing system… not one we play! This week's market crushed the hearts of every short seller who kept shorting on the way up. 🔥 Believe it or not, retail short selling helps propel the market higher and higher, because they ha...