Morning Ideas November 1, 2021
Good morning traders and welcome to a new week and a new month.
Market has continued it's strength overnight and we are looking for 4590 on a pullback to get long. Problem is, this market hasn't always pulled back to retest.
If it doesn't, we are left with a market consolidating at all time highs. While this has been the norm, it's pretty difficult to trade. This is more of a buy and hold kind of market.
If you've stayed long, you've had some losing days sprinkled in, and even a losing week a few weeks back. However, you would be wildly profitable by having wide stops and staying long.
Market has continued it's strength overnight and we are looking for 4590 on a pullback to get long. Problem is, this market hasn't always pulled back to retest.
If it doesn't, we are left with a market consolidating at all time highs. While this has been the norm, it's pretty difficult to trade. This is more of a buy and hold kind of market.
If you've stayed long, you've had some losing days sprinkled in, and even a losing week a few weeks back. However, you would be wildly profitable by having wide stops and staying long.
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