Even though the FED chairman said he will bend over Backwards for the Billionaires who control the stock market. Warning them before he warns of any taper or hikes. The massive inflation we have will be used to keep the market in check. So trading that going forward will be key.
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I have a feeling tomorrow will be bullish for the morning followed by a typical Friday afternoon. Next week we might have a sell signal at some point. Your system is spot on. The key is being disciplined enough to respect it.
we have another stimulus coming next month in the form of child tax credit (which is basically a test of universal basic income). Its the reason for drawing out this infrastructure bill so long into the fiscal yr as to not add to it before seeing data then agree on a # and vote