A Major Setup Could Be Emerging Soon for SPX
Key Levels to Watch for this Strategy in the next 45-60 Days
Note: If you’re new to my Community, please take the time to read my Strategy/Research from September up until now for context. It will help you understand the Setup I am about to discuss. As a very important reminder, this is done for educational purposes and is a reflection of my personal journal only.
This is a post that is made outside my usual formal Bi-weekly updates at the beginning and mid-point of the month. ONLY when appropriate, I will share my thinking on setups that I believe are worthwhile. If setups aren’t there, I will simply just be researching in the background.
This strategy piece will be simultaneously posted in my Patreon Community.
Members & Friends -
Before we discuss strategy, a metaphor for you.
Patient Investors are like fishermen - they wait out at sea for the right catch. Sometimes they wait days and return home with nothing. This can persist for quite some time. But they’re consistently there patiently awaiting for when they reel in the big one.
The reason I bring up this short metaphor is that this is the mentality that is required in order to identify (and execute upon) the right setups that the market will present us. I will reiterate this 100 times if I have to - the most important quality in executing properly Investing/Trading is unquestionable patience and mental strength.
I believe a Setup is emerging in the background, and I wish to share it with you. This Setup will not be easy to execute, but the risk/reward is high enough such that I feel comfortable sharing my thoughts.
If you are a beginner, I ask that you simply observe the market and not take any action because execution risk is high. If you are much more advanced and have years of experience, then this Setup is quite interesting.
At the end of the day, we’re always learning in the market, and this Setup is one out of many that will present itself in the many months ahead. So there is no need to FOMO. There will be many more opportunities in the future.
Here are the details below: