Market Has Taken a Turn. So Should The Traders.

/ES /NQ $SPY $QQQ $SPX $VIX $AAPL $TSLA $COIN $BTCUSD $RGTI

Hello Traders,

I am starting this post with the title - Market Has Taken a Turn..

I sent a tweet also https://x.com/VikOpine/status/1905797816514904211

What does it mean? I will explain the correct technical definition.

I will also outline the adjustment to the strategy to ensure we remain on the right side of the market and continue to make money.

Remember, we didn’t have any red day despite the recent volatility in the market.

Many of us depend on the income from the market and for them it’s even more important.

Most of us depend on income from our regular employment and that employment itself seems to becoming more and more uncertain.

Many of you may be scared or frustrated or both but remember, market is beneficial for the people who don’t bring their emotion to the table.

What’s the way forward? We must ensure that we remain smart enough to take our slice from the market.

For smart traders, direction of the market is not that much important as market can be played in both directions.

Having said that, now I have started looking into short / put side of the trades. My readers know that I am primarily a reversal trader to the upside. I have been because the market was in Buy the dip mode for quite a while.

Let’s get into the details..