Apr, 16 - Posted by Genesis in Swing Trading, Trading Update
We have already entered the market a while back, but I am posting additional entry places signaled by the daily chart on a short-term basis.
Today we got two signals on the Dow Jones Industrials: first was an engulfing bullish candle. The second was a zero line reject signal my computer triggered to enter based on the 50 day CCI. Also, this is the exact place where there is 78.2% Fib Support.
This is a perfect place to enter for the short-term with a stop below the previous low.
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For the short-term, the S&P 500 index has not given us any new signal on a daily basis. There are only two spinning tops, which suggest that bearish momentum is dying. We must wait for a stronger candle.
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