So I did dip out yesterday where I said I would, did not get back into the second wave down, and ended with making my weekly goal of $2500.
Looking at today, I feel the market is giving off a lot of indecision, and so I've decided to continue with my sentiment, and will likely just sit out today altogether.
The trends into today;
Last Macro Trend Signal Spots
30m - 4138 Downtrend (4/20/2023) Lower Low
1Hr - 4149 Downtrend (4/20/2023) Lower Low
2Hr - 4162 Downtrend (4/19/2023) Higher Low
3Hr - 4159 Downtrend (4/19/2023) Higher Low
4Hr - 4146 Downtrend (4/20/2023) Higher Low
6Hr - 4041 Uptrend (3/29/2023) Lower High
12Hr - 4091 Uptrend (3/30/2023) Higher High
Daily - 4168 Uptrend (4/13/2023) Higher High
Weekly - 4366 Downtrend (2/14/2022) Higher Low
The major change was the 30m has really increased the descent of the lower low trendline. Otherwise mostly unchanged from yesterday.
The Long Position;
Any dip continues to be gobbled up and a rally come in by mid day. I could see this continuing.
The Short Position;
Overall the market appears to be trying to head lower, so any move into positive territory and any mid day rally could be a position to enter short for the next step down. The steps are slow though, so beware.
Economic Data;
Not much
Earnings;
PG, but otherwise not anything major.
My Sentiment;
Enjoy the day off
Safe trading, and remember your risk management plan.
Looking at today, I feel the market is giving off a lot of indecision, and so I've decided to continue with my sentiment, and will likely just sit out today altogether.
The trends into today;
Last Macro Trend Signal Spots
30m - 4138 Downtrend (4/20/2023) Lower Low
1Hr - 4149 Downtrend (4/20/2023) Lower Low
2Hr - 4162 Downtrend (4/19/2023) Higher Low
3Hr - 4159 Downtrend (4/19/2023) Higher Low
4Hr - 4146 Downtrend (4/20/2023) Higher Low
6Hr - 4041 Uptrend (3/29/2023) Lower High
12Hr - 4091 Uptrend (3/30/2023) Higher High
Daily - 4168 Uptrend (4/13/2023) Higher High
Weekly - 4366 Downtrend (2/14/2022) Higher Low
The major change was the 30m has really increased the descent of the lower low trendline. Otherwise mostly unchanged from yesterday.
The Long Position;
Any dip continues to be gobbled up and a rally come in by mid day. I could see this continuing.
The Short Position;
Overall the market appears to be trying to head lower, so any move into positive territory and any mid day rally could be a position to enter short for the next step down. The steps are slow though, so beware.
Economic Data;
Not much
Earnings;
PG, but otherwise not anything major.
My Sentiment;
Enjoy the day off
Safe trading, and remember your risk management plan.