Greetings Traderade Family! I'd be lying if I said I was looking forward to writing this week's Market Prep...the last two trading days took me by surprise and left me scratching my head.
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200 week SMA still target. I hope we bounce there so I can add more for longer term. Like always good job Horse. Been traveling kinda hard to trade .Good luck guys.Quarterly candle on ES looks not gonna reverse anytime soon. Iam eagerly waiting for 3quarter candle to see if we bounce too.
Thanks, Horse! I appreciate the transparent, honest approach.
My terms for 200 days.
200 day SMA(pullback), 200 week SMA band (very good correction)and 200 month SMA (recession)
is the future pointing to SPY limit down w/ 6%?!! Will this bring a countertrend move in place considering opex expiration the next day?
YDM Horse - all good stuff. Thanks for the insights. #LetsGoERBO :)
200 week SMA still target. I hope we bounce there so I can add more for longer term. Like always good job Horse. Been traveling kinda hard to trade .Good luck guys.Quarterly candle on ES looks not gonna reverse anytime soon. Iam eagerly waiting for 3quarter candle to see if we bounce too.