You can see first it's the price that breaks over the 50 sma. Traders know what they are doing. Then it's followed by Confirmation when the 10 sma crosses over the 50. Now it's no longer take profits on the Bounce it's HOLD LONG!
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So we move into buying at the bottom of the down trend and then selling the bounce when the S&P hits the 50 sma that Blue line. We Only play for oversold bounces until it breaks over the 10 sma then it becomes a hold long trade. twitter.com/MasterBJones/s…
