After the short triggered from the previous resistance at the 2018 ATH, I am adding small longs at this position and down to the 50 Week / 200 D SMA. $SPY $QQQ $TLT $IWM $VXX $UVXY $DXY
Comment:
The target will be updated in the following sessions, I am looking to long to the Daily ATR Trailing Stop that is just below the 2018 ATH in response to this Weekly ATR Trailing Stop tag.
Comment:
Bouncing
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Comment:
Dow futures showing similar setup. Note that only ES and NQ (SPX and NDX futures) made new ATHs. Dow just missed the mark.
Trade closed: target reached:
Taking some profit at $2850.
Comment:
DJI 200 DMA holding it up, as well as confluence of other support.
Comment:
Nasdaq futures breaking out on volume. Target shown above at Daily ATR Stop.
ES Target 2900-2920 remains.
Find the edge.
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Website: www.daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: www.youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: www.paypal.me/mortdiggiddy