
Sign up to save your podcasts
Or
This week is a little bit different. Two days in the market has caused a lot of damage to the bull momentum that has been going on. So this week will be about buying and selling based on a lagging technical indicator, moving averages. We will talk on both the buying side and the selling side.
For the buy side it would be a PO3 where you buy when the 10DMA, 21EMA, and 50DMA all cross and are on top of each other.
For the sell side you would look for a close below the 10WMA on above average volume assuming this is a stock with sales and earnings at least 25% the last 3 quarter.
S&P 500 Analysis
https://www.tradingview.com/chart/SPX/gMx0QxBn-SPX-Distribution-with-33-Downside-Potential-to-2300/
Enjoy :)
This week is a little bit different. Two days in the market has caused a lot of damage to the bull momentum that has been going on. So this week will be about buying and selling based on a lagging technical indicator, moving averages. We will talk on both the buying side and the selling side.
For the buy side it would be a PO3 where you buy when the 10DMA, 21EMA, and 50DMA all cross and are on top of each other.
For the sell side you would look for a close below the 10WMA on above average volume assuming this is a stock with sales and earnings at least 25% the last 3 quarter.
S&P 500 Analysis
https://www.tradingview.com/chart/SPX/gMx0QxBn-SPX-Distribution-with-33-Downside-Potential-to-2300/
Enjoy :)