E-Mini S&P 500 futures Context Report Review for Monday October 26, 2020
Recap of the action of the E-Mini S&P 500 futures in relation to today’s Context Report.
5 min (24-Hr Session) and 2 min (RTH Session) Chart Review
Cumulative Volume Average
Key Lessons From Today
- Not all rotations/moves are the same. Where they start from and how they move from there is key. That is part of the context.
- Do not scale out because of your emotions. Scale out because of meaningful price action that is saying the idea is no longer valid. Scaling out to feel good is a losing strategy and one that has been pushed by gurus since the dawn of time.