Breaks outside the BB are almost always a buy signal. QQQ has the same setup.
Edited by Chilidawgz, 13 May 2021 - 08:29 AM.
Buy the SPY
Started by
Chilidawgz
, May 13 2021 08:25 AM
2 replies to this topic
#1
Chilidawgz
-
- Traders-Talk User
- 5,626 posts
A fool and his money... (the second mousie gets the cheese)
Posted 13 May 2021 - 08:25 AM
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#2
pdx5
-
- Traders-Talk User
- 9,527 posts
I want return OF my money more than return ON my money
Posted 13 May 2021 - 11:27 AM
OK...who bought the dip yesterday? SPX new target is 4500 per some talking head on CNBC this morning.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
qqqqtrdr
-
- Traders-Talk User
- 3,220 posts
Member
Posted 13 May 2021 - 12:26 PM
I didn't... I use BB in such a way that it is not the start of the BB widening, and the trading jumps outside then it is a strong buy signal... If you noticed the #NYMO the second push to the bottom is the one to really look at... Below -60 you get a bounce, but cannot necessarily say it is a medium term bottom...
