An established bear trend on the daily chart now trading at the top of the channel. Target would be the bottom of the channel.
Jake's MAC indicator shows that we remain in a solid uptrend in S&P futures on the weekly chart. We are currently trading below support and would like to use this opportunity to buy once we get a new setup and trigger on the lower timeframe.
I am working on indicators for Jake Bernstein. The 8OC is a simple and powerful indicator for viewing trends and also serves as the timing trigger for Jake's seasonal trades. 8OC gave us an early warning on the recent stock market decline. We triggered on the September S&P short trade this year and reached our first profit target easily. I am now waiting patiently...