$$SPX 27% surge after still daring to chase? Is 0.4977 a resistance level or a breakout point? In 2024, I only believe in buying low and selling high, not gambling on emotions.

Current price 0.4926, 24-hour sell-off from 0.3745 up to 0.4977, trading volume 92 million. This volume looks more like retail chasing the rally; the main players might be offloading.
My discipline: enter lightly in the 0.4740-0.4820 range, stop loss at 0.4650, take profit at 0.5100-0.5200, keep position within 15%.
If your cost is below 0.46, you can hold on but don’t add more; if you are out of the market, wait for a pullback near 0.47 before acting, never chase high.
Honestly, this kind of rally followed by sideways movement is the most dangerous; chasing could get you trapped.
Do you bet on it continuing to surge or pulling back? Show your moves in the comments, dare to make a bet?
No action outside the plan.