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Friends ask how do I decide when the S&P is short term oversold and time to go in for a bounce trade. There are a few things that are important. 1) What is the 50 sma doing? 2) has the S&P broke over the 10 sma. 3) What's the distance of the gap between the 50 and the price? etc

7:00 PM · Dec 14, 2021Twitter Web App

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Very helpful, thank you sir!

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What’s a good distance between 50 sma and price to start looking for the oversold bounce?

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Much appreciated!

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When the price jumps high above the 50 SMA is that a good time to start taking profits on a day trade?

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Did you jump in on a bounce trade? I entered UPRO at 338.4 here we go!

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I have so many follow up questions. I don’t know where to start. My questions lead me to more questions. I can’t wait to grasp the simplicity. Guess I’ll just have to keep watching and learning. Thanks brother!

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