2022-10-27

Keep It Simple

New high on ES, step aside or go long. No new high on ES, accumulate short positions.

I'm guessing the market will end up pinned going into the Amazon + Apple + PCE news. Three massive pieces of information that in hindsight probably don't matter. There won't be good enough news to stop a bear market and there probably also won't be the kind of shockingly bad news that will derail a rally amid bullish sentiment. The marekt is going to do what is it going to do, but there could be major distractions in the next 24 hours that carries forward for days.

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