From a technical point of view, we always look at the chart based on patterns and numbers. Basically we look at it from a mathematical point of view based on historical data. I always time my trades based on the index so things like interest rates, news, earnings etc. that stuff usually doesn’t spook me. (Disclaimer, except for GME. I went into that without logic lol)
Writing always helps me to keep my thoughts in check and it really helps me to keep my emotions at bay. Sometimes ranting a little but thats how it is.
Lets look at the white line. (Chart above) This white line is a trend line from the March 2020 crash and as of yesterday, we broke this trend line. This white line can somewhat be used as a “longer term” indicator as we are using it as a source of reference based on yearly data.