The S&P 500 is knocking at the door of the highest close in over a month. The path to this point was not straight. 7 of the past 12 sessions saw the index down significantly at some point during the day or pre-market.
Do you get trapped into this noise and make adjustments based on the current tape rather than looking at the big picture of the market and — more importantly — your strategy?
Just about the time you get tired of making adjustments because of noise, you decide to start sitting on your hands (ignoring adjustments that your strategy requires).