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Monday May 8, 2023 Emini S&P Market Rundown and Expectations with Responsible Day Trading

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May 08, 2023

 

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Hello my friends!  So happy to be back here with you guys.  Last weekend, we held our 1st annual RDT seminar and it was absolutely amazing!  We couldn’t have been happier with the turn out, the new friends and the amazing connections that were made during that time.  We are so pumped and can’t wait for next year’s seminar! 

Now, the market has been a little crazy the last week as well!  We’ve seen some big swings in the price that really moved the market and provided for a lot of opportunities. And while some of these moves have pushed the market back down to the area of the Daily EMAs, we still have a direction to the upside for the time being and we can see the possibilities of this moving up even more! 

With that being said, we do have to remember that we are sort of “trapped” between areas on the Daily chart—but those are some BIG areas to be trapped between, so we have and will see more opportunities to take advantage of the moves that are happening between those areas.  One of these days, it will make the decision to break out of there, but while its making up its mind, we can just sit back and enjoy the show. 

Alrighty folks!  That is going to wrap it up for this week’s market rundown.  If you have questions, please feel free to reach out to us at [email protected] and we’ll be more than happy to help you out.  Look forward to hearing from you AND as always, I’m looking forward to catching YOU on the profitable side my friends!

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