I've made some intraday short term winning S&P trades recently going in between the System time period range.
But yesterday the S&P fell once more to 50 sma support and bounce off.
Now it's over resistance 3800.
So it's still long/buy the dips unless s&p breaks below the 50 sma.
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Was there any indication last night this would break over 3800 today? Think we get a longer rally since it finally broke it ?
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The chart started looking better.
Everytime we fell to the 50 sma it bounces.
Now it's turning the 50 sma upwards.
As long as that continues it's bullish and buy the dips until the 50 sma until it doesn't work.
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Excellent observation!! Do you think that leading into the weekend, mid month as we are, no impending news on the horizon, that the trend is likely to continue a steady upward momentum in spite of that large jump overnight? Or does that jump act as a new cliff?
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What do you mean by "going in between the system time period range". Are you using your system on time periods less than 30 minute?
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