US equity markets continue to exhibit historic volatility. It can be nerve-wracking to think of engaging when setups continuously elect stop-loss orders.
However, that's exactly when you should be most watchful for an opportunity.
Here's a look at the S&P 500 Index ETF weekly and daily charts.
While the weekly SPY chart shows that the uptrend is fairly extended, the daily chart shows that price has pulled back a bit which is historically the best type of trade setup to take on a risk-adjusted basis. The best way to think of failed trade setups in this scenario is to consider losing trades a part of the cost of getting into a good trade.
I also updated the F.A.A.N.G.M. charts here.
Hope it helps.
You might also like: