The Prop Pulse 9-1-24

Weekly Prop Trading Pulse - #BuyWholesaleSellRetail

As we navigate through life, it's inevitable that we'll encounter those pesky weeds in our garden. You can't have the good without a bit of the bad, right? Yin- Yang!

But here's the thing: in a garden, would you spend all your time obsessing over the weeds? If you did, you'd completely overlook the beauty of the entire garden. So, why not apply this same principle to life? Instead of fixating on the negatives, why not channel your energy into what makes you grow and thrive? Think about what you can achieve in the next 48 hours that'll push you towards a brighter future.

Dale Carnegie, in his classic "How to Win Friends and Influence People," he talked about living in 'day-tight compartments.' His advice? If it's not happening in the next 24 to 48 hours, don't sweat it. Focus your mind laser-sharp on what you can control and act upon right now. What can you do today or tomorrow that's productive? Maybe it's starting a new project, reconnecting with an old friend, or even just setting up a routine that boosts your well-being. These small, manageable steps, when stacked up, create a significant positive ledger in the balance sheet of life.

So, focus on your next move, make it count, and watch how those 48-hour blocks build into something truly rewarding.

Current Price: 5,648

52 week range: 5,669.67 - 4,103.78

Thoughts: Currently on $SPX, SPY 0.00%↑ , we are in a bullish trend but at a high point near our retail area, meaning the price is currently expensive to take on this trade bullishly. Currently looking for the downtrend, waiting for the correction to happen on the daily chart, looking for lower lows to be created. Also, something to take note of is the seasonality of the market at this time of year during election periods.

September has been a low winning month in the low 40% for the market since election season starting in 1996 in September and even less in October so we have something to look forward to if the charts align. Currently, I believe there are.

Prop P&L Update