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below the T-Line, Trendicator and 50sma

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July 13, 2022

✔ First 1/2 Hour [7-13-22]

✔ First 1/2 hour of the Market Wednesday July 13, 2022

✔ SPY Daily - Gapped down on the 9.1% CPI numbers. Price action still trending below the T-Line, Trendicator and 50sma. The 1000sma is now less than 7% away.

Bears have teeth, stay in the car and windows up.

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Banks are looking pitiful, keep in mind they start reporting tomorrow

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When considering a chart for a trade, it might be helpful to look at conditions to help with the final decision. I have found at least 3-5 conditions must be met.

Possible conditions:

  1. Is the trend in your favor for the chart you are considering?
  2. Is the market trend in your favor?
  3. Is support or resistance in your favor?
  4. Is the T-Line and price in your favor?
  5. Is the Trendicator in your favor?
  6. Is there enough room to make money?
  7. Are your indicators confirming?
  8. Does the risk & reward make sense?

***We only have 20 available memberships with the 65% discount. We will turn the promo code SAVE65% off after the available spots are filled.

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Sincerely,

Rick Saddler, (Contact Us)

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