This is the process I was talking about on Friday.
The S&p is going to try and put in a bottom over the next couple of days. Then it may make a try to break over the 50 sma.
If it breaks over the 50 msa on a strong move that's a buy signal for a trade.
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How would you trade the system between now and the Wednesday FOMC? Smaller amounts?
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It's strange S&P is showing a pumpy bounce,but mean while can't even count how many stocks that had been trading well last week,with most of them red today,red on Friday and red Thursday,none of them bouncing at all, could be a real negative sign for any real market bounce
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