✔ First 1/2 Hour [7-11-22]
| ✔ First 1/2 Hour [7-11-22] | |
The kids (Bulls & Bears) started fighting as soon as they woke up. SPY is still trading fairly close and below the 50sma making long trades a bit problematic. I see chop below 390.50 and above 381.65 on the SPY. Price, T-Line, and Trendicator can help when looking at charts. I hope you can join me today for the Monday's with Rick Webinar at 11:45 AM Eastern today, 7-11-22 | |
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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: - Is the trend in your favor for the chart you are considering?
- Is the market trend in your favor?
- Is support or resistance in your favor?
- Is the T-Line and price in your favor?
- Is the Trendicator in your favor?
- Is there enough room to make money?
- Are your indicators confirming?
- Does the risk & reward make sense?
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