We are less than a few weeks away from a sharp correction with the recent 50/200 cross,
SPX may or may not reach ATH's by then, still expecting 2950. The SPX A/D line or NYAD
mean nothing here, longer term, the 50/200 cross is bullish.
50/200
Started by
CLK
, Jul 18 2020 07:37 AM
4 replies to this topic
#2
pdx5
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- Traders-Talk User
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I want return OF my money more than return ON my money
Posted 18 July 2020 - 08:26 AM
Falling US $ is bullish for stocks.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
risktaker
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- Traders-Talk User
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Member
Posted 18 July 2020 - 12:11 PM
Perhaps it is easiest to buy dips than chase the general market.
#4
pdx5
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- Traders-Talk User
- 9,527 posts
I want return OF my money more than return ON my money
Posted 18 July 2020 - 05:31 PM
Buy the dips has worked great during the Chinese pandemic.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
