Do you have the stomach to stick with your convictions? These are the environment ideal for day traders, so do not consider these investment opportunities as conditions stay erratic and short-term. Need evidence? just look at ES futures and the numerous times price crossed up and down the 200 hour MA. 4 times in the span of 12 hrs. Trends will be hard to discover with these incoherent price actions. However, signals do follow these volatility well when considering the lagging aspects as the advantage here. Case in point, our ST still remains UP. I am not obsessed with getting the precise CIT's, just the vicinity for a good entry or small loss. This is good risk management in my views.
SEN: Bullish (Down-Trending May 5th) Just to clarify that the down trending date would have been the ideal time for longs to sit and wait for a better entry point and not a suggestion to go short. Every Bullish or Bearish signals of a time-frame has a trend, but the larger picture remains until a confirmation of a change reveals itself.
ST: UP
PA: NA
R: May 12th (Up-side Bias)
Note: The reset is based on our ST signal indication, therefore the ideal situation for trades is to look for a sync in signals that would reap higher chance of a right outcome and minimizing a loss if it comes to one.
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