Remember the System says always take some profits from every trade.
Then wait for the next set up.
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The whole strategy this week has been wait for the trip down to the 50 and buy the dip. I can’t believe I’ve tried to make it so hard for so long and it is that simple.
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Hawkish Harker sent out by Powell to push market down. Bonds and dollar controlling the market. Do not fight the Fed. Deflating stock market was as important as trying to bring down housing prices.
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TIL: when we’re looking at confusion on direction, be watching DXY, US10Y, and VIX. All were indicating we were going to punch through the 50 and head down. I’ve added them to my chart to confirm direction
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