Which path will you take?

Congrats to all 3 major indexes on fresh All Time Highs today!!
Nooope, kidding, but they all did close green and strong

All of us have been at this part of the movie at some point in our lives
You, me, even the man on the moon, all of us

I’m talking about that giant fork in the road, when times are uncertain, which path will you travel?
The market is there RIGHT NOW, did the all caps say it loud enough?
Yesterday I shared the 25 year chart with Monthly bars of the SPY
Today let’s take a look at the 5 year chart of SPY, only using Weekly bars
This is a chart that I utilize regularly, not only for investing but short term trading as well
The 5 year length, combined with using Weekly bars, smooths the price action out

You can see on this 5 year chart where we are, the SPY is literally sitting smack dab on the 50 day SMA, do we bounce? Or do stocks fall back further south and go down to it’s longer term trend line? On that one only time will tell. If price does fall then charts like the 10 year and even the 25 year become more in play

The stock market is officially in correction mode here, there is a difference between rotation and distribution, don’t allow it to be convoluted
Getting caught in “Bull Traps” is nothing we are fans of here at theoptionscoach.net 

But price “resets” are something that we welcome
Right now we are watching diligently for fresh entry opportunities
We won’t take them if they aren’t there, one that is flirting with us is our old friend CAT
CAT is not alone, I’m starting to see more and more of these set ups right now
Again, will the market pop or drop? We won’t know until we know

This weekend I’m taking a group of retired ladies, all between 65 and 72 out into the woods for “Walkabout”
One of them has 11 grandkids, ELEVEN little dudes and dudettes!!! And 3 of them live with her full time!! No wonder she wants to join the hike….lol…. 🤣 

Hiking up big hills out in the woods takes work, your legs have to be strong, you cannot have weak or broken down weary muscles and climb big hills, you just can’t
To build the kind of leg strength it will take to get to the top takes work, the stock market is no different
We are working on our leg strength right here right now, we are doing so by running fresh scans, updating our Watch Lists, looking at Options resets, weeding out the weak, and adding to the strong

That’s a process that never ends, and it keeps us strong
Sunday night I’ll be back with any new finds
Snowmegeddon 2025 is gone, go get out in nature and walk this weekend, you won’t regret it

The Options Coach