May Trade Plan

It’s tough to be a bear. I’ve shorted this rally here and there when TA started to show overbought since¬†February. However not covering quickly enough has given me wounds. Now I’m licking my wounds seeing SPX passing 1,600 making its all time high closed at ¬†1,614.42 on Friday. The target for this coming correction is revised to 1,480 or perhaps 1,532 if the market continues to rise from here.

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