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Trader Brian Jones

Right now I would use the system for guidance. The market doesn't get a bullish trade again until a break about the 50 sma, then wait to see if we get a positive cross before holding longer.

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Replying to @MasterBJones

Thoughts on the weekly close above 365.26 key levels? Likely we see a short term bounce this week before more red?

12:44 AM · Jun 20, 2022Twitter Web App

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50sma cross over what?

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Price crossing the 50. In this volatile market it crosses frequently but the 10ma sometimes doesn’t get to cross before price coming down. So if the 10ma crosses the 50ma on 30m frame, that’s a buy signal.

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Right now it’s still having issues crossing. Major resistance in this 3700-3711 zone. $SPX $SPY