We are in BEAR market so your trading style need to adjust to how BEAR market works. See my previous articles on how to trade in the bear market.
$SPX right now makes wild swings to positive and negative therotory, one minute appears is seeling-off and the next appears as if it wants to go up. What you need to remember is that overall trend and underlying economy is down. I also spotted ALGO insider sellings that fakes a rebound to draw buyers in. So be very careful and don't fall for it. One obvious sign that we are in the bear market is in the higher time frame candle wicks. Even if you don't pay attention to the details of the price action, pause and think about why in a given day market can appear up and down at the same time.
So, if you are a swing trader and holding Short position, just keep it and don't panic when you see these wild swings
If you are a short term trader you must be very careful. and spot the trend.
Good news is, my new QTB champion edition (coming soon) is supercharged to detect the trend automatically to keep you safe.
Meanwhile, just use the current QTB and pay attention to the distance of the balls from the thermo tube. Watch my recorded stream and you will learn how to use it,
Happy unting.
$SPX right now makes wild swings to positive and negative therotory, one minute appears is seeling-off and the next appears as if it wants to go up. What you need to remember is that overall trend and underlying economy is down. I also spotted ALGO insider sellings that fakes a rebound to draw buyers in. So be very careful and don't fall for it. One obvious sign that we are in the bear market is in the higher time frame candle wicks. Even if you don't pay attention to the details of the price action, pause and think about why in a given day market can appear up and down at the same time.
So, if you are a swing trader and holding Short position, just keep it and don't panic when you see these wild swings
If you are a short term trader you must be very careful. and spot the trend.
Good news is, my new QTB champion edition (coming soon) is supercharged to detect the trend automatically to keep you safe.
Meanwhile, just use the current QTB and pay attention to the distance of the balls from the thermo tube. Watch my recorded stream and you will learn how to use it,
Happy unting.
