I use a good MA cross on the 5 minute for longer range buy signals on TQQQ.......that was actually around 2 hours into the session on Monday this week. But they hardly ever fail to arrange a big selloff into the new signal to get even more inventory. This selloff would need to go on several more days to invalidate the buy signal cross that's there right now. Whipsaws on that signal are pretty rare when it looks like this.....the runup yesterday took care of that I think. CNN fear greed at 27 yesterday, overall not too bad right now.
Posted 14 August 2019 - 11:07 AM
Its just that the market and the economy like it is right now can't be dealing with a Fed that is this far out in left field and can't figure it out at all. Like today they're right around 4 rate cuts underwater relative to the 10 year treasury yield. The talking heads can spin it however they want to......this is a Fed problem if we get to wait for something to happen all the way out to Sept 18. Get real....