Where have all the good times gone?

Looking for an entry off this pullback.

Hi All, during yesterday’s lows, there was plenty of chatter and worry. From people saying “I knew it ran up too fast”, “this is it, we are going to crash”, etc, etc. keep in mind, this is a volatile week. JOLTs today, Powell in front of congress, Fed speakers and more. Normally this would be a week of mostly sitting on my hands and not trading. If I were day trading yesterday’s pullback would be an entry for me on a 5 min chart. It’s even more compelling on a daily chart. If you think things are falling apart in the markets, the daily chart shows a different story. Here is the SPX daily and as you can see the trend up is still holding and pullbacks are normal.

So instead of sitting on my hands today, I will be looking to make an entry. *But my entry will not be by buying an equity.

Looking at the long term picks in the Prospero app, I plan on taking a position in one of these and I will outline my approach in the section below.