Market sentiment is important to understand…

Market sentiment is important to understand…

this is my most recent trade on SPX looking at the 50 minute here since the changeover of day we're making lower highs lower lows swapping out 50 but it is falling flat now in the cell Zone and I'm not going to fight that structure of it being bearish we make a new low below yesterday's low zone so we are continuing lower we get our first retest it's not really off the Israel's low but it's pretty close right near the Bebop as well so that's why I like to get in this at 10 45 after the New York open no news to end the week about my stop from this FIB up here to the previous structure that if it gets above that late on a Friday mid-morning afternoon I don't want to be in the trade all day so take me out there it probably could come higher if it's breaking the bearish structure and you can see this move only gets 1.6r it can't even make a new low day before it just chops around so exactly my point I want to tighter stop so I can get better risk reward but the main point of this trade is here in the one hour what's sentiment doing since Monday here it's making lower highs lower lows so although we are in a daily up shift still I'm not going to fight the trend or the structure this week we've been making lower lows and lower highs falling made a new low week today

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