Teaching family and friends to trade their retirement accounts for FREE! * Following the SPY for market swing trading directions. *Green Long's (stocks and retirement accounts), *Red Shorts (out of stocks and retirement accounts. *Comments are updated at the close of market once a day.
Thursday, December 11, 2014
This will be a green light. But not yet.
Now, you are looking for this set up on the daily chart. Large wick at the bottom of the low, with an over sold indicators moving to the up side. When you get a higher high on a bar and it closes above the previous day, you can start going long in the market. Start small. We still will not have a confirmed up trend until it breaks a 61.8 fib from the high to the low of the pull back.
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