Hello everyone! Today i want to share some trading analysis with you!
1.
$S&P 500(.SPX)$ The number of FinX wiped out or severely damaged by an 8-10% decline in the broader market speaks to one thing— risk management matters.
It is certainly not the most engaging form of content on this platform versus the rockets and doom narratives— but it’s what actually protects your portfolio.
2.
Every Sunday I write a longer format note sharing my market thoughts and charts. The first note for April goes out this Sunday ~8AM MST
It is a high level overview of the current risk environment, along with context on navigating the near term.
🚨On Feb 23 the note signaled the risk-off alarm, the S&P 500 has declined as much as 8.5% since, and Nasdaq over 11%
The risk-off environment was reiterated through the entirety of March. Through the second half of March the notes discussed consideration for a bounce/relief rally towards a resistance block. We saw that manifest. ✅
This has been a wonderful quarter, better than most in managing risk. Full transparency, it is not always this way.
How the market reacts within the resistance block sets the stage for the next meaningful move, for now there appears to be a clear rejection from this area. Caution remains warranted.
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