Replies to post #28501 on Cycle Trading

[dotnet]

yes. exactly...no one knows what will happen. prediction and assumptions are the biggest noise in trading and investing...

[No-Quarter]

Yup, for day to day, trade the charts. No question.

However, I find keeping an eye on the macro picture is important too.

I stumbled onto the below macro picture today. October is 4 weeks away... GLTY

Monday, Oct. 19, 1987, is remembered as Black Monday. On that day, global stock exchanges plunged, led by the Standard & Poor's (S&P) 500 Index and Dow Jones Industrial Average (DJIA) in the U.S. The strain sent world markets tumbling.

https://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=1&id=p17582758061