As far as we are UP about 54 points today, tomorrow will be a down to sideways day, (if we can hold). I expected only 15 point UP day today.. It went too far..
(S&P following redline in the chart)
"Trade what you see, not what you hope" emphasizes the importance of basing trading decisions on objective market analysis rather than wishful thinking. It advocates for a disciplined approach, relying on observable data and trends rather than emotional desires for market performance. This principle underlines the necessity of a strategy grounded in real-time insights and technical analysis to navigate financial markets effectively.