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I told everyone time and time again. In these volatile markets. When the s&p breaks over the 50 sma it's a BUY SIGNAL. You buy S&P Long! That's been a winning trade over and over again. How else better can anyone explain that.
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Some People were short or in cash as the S&P was down early today. OK But when the SYSTEM gave the BUY SIGNAL at 11:30 am. They decided NOT to follow the system and surely they lost out. They think they are smarter than the system It's not about you. It's about the system.
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Many times we have seen lately when it breaks the 50 sma, it curves right back down. Hind sight is 20/20.
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What platform do you use to get the 10 day 50MA? I have E*Trade & Webull — neither allow for this time frame that I’m aware of? Thanks!
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