Hey
You might be wondering what the heck is going on with the stock market right now if you have a portfolio. Or you might be concerned with your assets. So hopefully this email helps you navigate through this time. Although it seems like the sky is falling right now, the market is just revisiting where it was in May, June, and July. And this is important... Here's why.
I was on a coaching call with a client this week looking at charts on the S&P 500 and the Nasdaq, talking about his portfolio and a fundamental rule of trading and investing came up:
"Price has memory." I said to him.
Markets do not move randomly into thin air; they revisit previous zones of support and resistance to test for strength.
Think of it like building a house: