Please enjoy this short and sweet edition.

I don’t think we need a long list of scenarios this week because I do think we’re going up from here, but more importantly, this mama is burned out. Even though the index (and several names) kept drifting upward, some of the day-to-day price action was choppy, and I wore myself out. Maybe more tenured traders handled it better or knew which names would ride smoother, but I got caught up in several intraday swings. It really played on my confidence and messed with my conviction. The decision fatigue crept in, and I would put on a trade and then take it off…by the end of each day I was either at a loss or break even. I felt like I had wasted the entire day watching candles. I hate that feeling/when I do that.

I have been burned out for a long while though, especially because I’ve also been subconsciously trying to get back to my personal all-time high for the year. I have been trying to release my attachment to this ATH and build from where I am each day, but I have my days. And the more I try to rebuild instead of trading in the present, the worse I make it. I’m not sure “sabotaging” is the right word, but pushing for a certain number definitely shifts my behavior in ways that do not help me.

Even with all the grounding work I’ve been doing so I can trade from clarity, and try to work in the present, it’s been a range-bound Q4 for me. TBH though, I am just impatient and way too short-sighted. So much so that I can’t even hold stocks for the long haul. Maybe admitting this out loud to you and the universe will be step one of acceptance and change. 😩

Please send some good vibes…or your own insights and experiences, especially when you too sucked at this. All help, sympathy, and support is welcome 😭🤕.

Reminder to self: All of this discomfort is because you are in pursuit of your dreams. You are in it girl. Keep going.

Anyway, here is a quick write-up of what I am seeing on SPX for the week ahead.

SPX Review and Outlook

EOW Stats

High: 6,895.78
Low: 6,799.94
Close: 6,870.39
Change: +0.31%
ATH: 6,920.34 (Oct 29)

Last week stayed inside roughly a 200-point range from high to low, and while there were plenty of wicks and intraday retests to the 5 EMA, the daily structure kept drifting upward. For this coming week, my sentiment is bullish.

On Friday we attempted to clear the neckline from the November 12th candle but pulled back slightly. On the smaller charts, the combination of higher volume and small-bodied candles usually hints at a gap up or at least strength early in the week. We’ve now built the right side of the base, and I’m leaning bullish here.

What I’d like to see is a clean move through the ATH. It could happen in one push, or we could get a quick retest back toward 6,900 after breaking the level. Either path keeps the structure intact and supports continuation. If the week is strong, then maybe the following week gives us a small pullback, but right now I’m not expecting any deeper digestion.

If there’s one alternate scenario to keep an eye on, it’s this:
If price breaks back below the daily moving averages, that would shift the tone. I’m not expecting that, but it’s the clearest sign that momentum failed.

Last week had plenty of intraday indecision, but we still closed slightly higher than the previous week, and the momentum looks like it has shifted upward as we head into the coming days.

Staring at candles won’t help you build 💩.

Step back when you need to. Show up when it counts.

Emanuela

PS. If you’ve been on the fence about adopting a dog, this is your sign to do it now. This little croissant will make any dreadful day 10 stars. A little slice of heaven, right by your side. XOXO 🐾