Despite the Spike, I Remain Bearish
I'll reiterate what I wrote on 05/01: This correction wasn't triggered by tariffs, it's driven by much deeper fundamentals. My stop loss for this trade sits at above 5900, around 5950 to be precise.

In a bear market:
Good news is bad news.
No news is bad news.
Bad news is bad news.
Terrible news is good news.

We saw this play out on 04/06, when the market bottomed amid extreme pessimism and the worst possible headlines. We saw it again when Trump's UK deal announcement failed to spark a breakout in ES1!5852. Based on these patterns, I believe we're still in a bear market.
Now, I could be wrong. This might just be a deep correction that already bottomed on 04/06 on peak fear. Or perhaps I'm simply too early in calling the next leg down. If I'm wrong, it'll cost me the gains from going long at the bottom and closing the next day, potentially one of my largest single trade losses in a while. But that's trading. There are ups and downs. This is just a downswing after a long stretch of ups.

I started blogging years ago to document my trades and refine my thinking. But as this CN community grows, I've noticed a shift toward copy trading rather than seeking diverse perspectives
I encourage you to use this space to gain insights from an old man, not to blindly follow trades.
Copy trading is like trading on gossip. You surrender your decision making power and rely entirely on someone else's rationale. When the trade turns against you, you're left agitated and clueless because you never understood the logic behind it.
Here's the difference:
I can sleep soundly down 100, 200, even 400 handles because I know why I'm in the trade, and I'll exit when the market proves me wrong.
A copy trader panics over a 20 handle loss because they're clinging to someone else's logic, not their own.
Trade your own convictions. Or don't trade at all.