We will use a 3 step process to place trades.
Below is ticker GLD.
Note the chart pattern, and that which I have numbered 1, 2, and 3. This would be a good buy signal
We will use a 3 step process to place trades.
Below is ticker GLD.
Note the chart pattern, and that which I have numbered 1, 2, and 3. This would be a good buy signal
Below is ticker QQQ.
Here we are getting a 1,2,3, sell signal.
And now we have to watch the 10y Yield (TNX) and Crude Oil prices (/CL)
The market moves with these indicators. As they go higher, so does the market! As they come down, the market will generally move lower with them.
Pay Attention To The DXY, (Dollar Index), The Price Of WTI Crude, and Specifically The 10 year Yield. Generally, A Weaker DXY With Crude Higher and A Stable 10 Year Yield Is BULLISH For The Stock Market. Conversely, A Stronger DXY, Lower WTI Crude, and A Dropping 10 Year Yield Is Bearish For The Stock Market.