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Trader Brian Jones
@MasterBJones
Right now it's still buy the dips for trades as long as the S&P stays above the 50 sma. A break below the 50 sma in the future would be a sell/ short signal.
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Trader Brian Jones
@MasterBJones
Short term the market will be volatile. Last week we had a Massive short squeeze and today finally come profiting as the market got short term overbought. The first drop today was buy the dip trdae. May get another. S&P trying to create support at 4100.
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nancy
@moneygal61
Replying to
@MasterBJones
When are entering on 5/31, are you reentering while in a lower tframe? I see 30 stays above the 50 SMA, but if you drill to 5 for entries you must be looking for pullbacks with the understanding that 30 min being higher tf is remaining above 50 SMA, but lower tf dip below it.