As mentioned last week, there was negative divergence on the price development, but there were no other signals to take action.
This changed (a bit) this week.
If the $dji and the $spx open lower on monday, this would start to look like a lower high.
A good moment to get e neutral position till it makes a higher high.
In other words, A cheap insurance to protect the profits on this trade.
Enjoy the weekend!
This changed (a bit) this week.
If the $dji and the $spx open lower on monday, this would start to look like a lower high.
A good moment to get e neutral position till it makes a higher high.
In other words, A cheap insurance to protect the profits on this trade.
Enjoy the weekend!
Negative divergence, a lower high... no need to be in the market 100% of the time.
When the market prints a new high I will jump right back in!