Market Update - 8/18/2024

• lots of EPs this week on good economic data
• all indexes are above 50dma, suggesting an uptrend, improving breadth confirms this
• however, still skeptical about this, given that recession fears probably did not dissipate completely
• also looking for some potential short setups in case we continue to the downside
• not the greatest amount of 5 and 4 star setups either
• seems like in this environment, EPs probably work better
• downsizing my position sizes, focusing on perfecting my process until I become profitable