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✔ First 1/2 hour of the Market Thursday July 14, 2022

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July 14, 2022

✔ First 1/2 Hour [7-14-22]

✔ First 1/2 hour of the Market Thursday July 14, 2022

✔ The SPY gaps down on weak earnings. After 30- minutes price did not hold the first 15-minuite candle. There are long trades to be had but the momentum is with short trades or the inverse ETFs

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

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BA and a few inverse charts are setting up for a trade. I will be posting more information to the Real-Time Phone App.

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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?

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Sincerely,

Rick Saddler, (Contact Us)

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