Currently topping is forming. Today price continuously below 8 MA, 16 MA, 24 MA, approaching to 50 MA. 1,705.06 on Aug 5 could be market top. As long as price is falling down below opening price, net price and MACD along with Stoch RSI are pointing down, then, continuously short, short, short only at the peak of 5 min chart. Market sentiment is bearish forming. Bullish steaming is ran out gas.
Comments
dspark123
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Thx, bubba. My indicators are result of years work. Today continuously trending down, below 8, 16, 24 MA along with down pointing of MACD, Stoch RSI, which highly suggested down trending will continue.Today closing price fell below 50 MA. Because I do day trading, when price is falling below opening & net price on that date, I go only SHORT at the peak of 5 min chart. I make profit any time, every time, every day. I never lose. If I lose, rarely, because 1st tier is profited, automatically stop loss will move down to break even. Thereafter remaining 2 tiers will be profited with trailing stop. It took years work.
bubba2
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Keep up the great work Really like your indicators