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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.