I like to start with a daily chart of the S&P 500

May 9, 2023

Focus on the 'Small Picture' to Project Direction for the Rest of May

When there's a lot of noise in the market and I want to place trades, it's helpful for me to step back to the small picture. Here's one way I do it, and it's something you can do with any stock or index... Take a daily chart over a handful of days. I like to start with the S&P 500. The chart below shows the first day of April through the most recent trading day, which is the sixth trading day of May — that's 25 trading days total. If I want to decipher future direction over the short-term to help me with my trading success, I zero in on the most recent day shown first.

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Think and win! Celeste Lindman Celeste Lindman Trading If you haven't already, join my Telegram channel here for frequent trading insights and market musings! *This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk.

Master the 'Power Hour' With 2 Legendary Traders

Look at these funny looking cartoon characters…

They represent the "pack" on Wall Street… And right now, more than ever before, nearly ALL of them are moving to ONE hour of the day to trade. If you can find them moving in the shadows, you can spot some pretty amazing 24-hour moves.

Go Here to See Today's Newest 24-Hour Setup

May Is All About This Projection Celeste Lindman | May 8, 2023 From my perspective, May is all about my Hard Right Edge box on this weekly chart of the S&P 500. Our Favorite Trades and What's Next for a Volatile Market After Apple Earnings Celeste Lindman | May 6, 2023 We covered a lot of great stuff on this week's episode of Ask the Pros, including Chair Jerome Powell and the Federal Reserve's next move.

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