SP500 Update
Today put in a Squat Bar (Bill Williams Theory) as well as a Wiseman Div. Not what we want to see. Bulls don't want to relax here, it's not a good spot to take a rest.
If you're in good profits, now may be a time to take a lil off. Or tighten up stops etc.
The sector chart I referenced ( Communication, Discretionary, Energy etc) didn't show in the video, I guess TV doesn't allow other windows to be shown... but it's a StockCharts image showing which Sectors perform at which points in the Business Cycle... And all indications based on that chart show us in a Recession. Time will tell.
As always, good luck, have fun, practice solid risk management.
If you're in good profits, now may be a time to take a lil off. Or tighten up stops etc.
The sector chart I referenced ( Communication, Discretionary, Energy etc) didn't show in the video, I guess TV doesn't allow other windows to be shown... but it's a StockCharts image showing which Sectors perform at which points in the Business Cycle... And all indications based on that chart show us in a Recession. Time will tell.
As always, good luck, have fun, practice solid risk management.
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