Saturday, June 11, 2016

#TSOT #DXY #DOW #SPY

#TSOT - Weeding-out the Bears from the Market

NOT JUST FOREX:
Chart Overlay #DXY #DOW #SPY
This has been MegaTrade101's stance since Equity Indices such as the SP500 & DOW came from their lows twice in a row from their wide trading range. Both SP500 & DJIA are slightly above their respective prices at the beginning of the year have provided a bright yet unconfirmed directional move as of today's price levels.

The bulls trap is still in place from secular forces that we believe will be sustained after this months closing. However, a gradual unconvincing rally could occur, it just depends on the kind of market outlook that an investor would tend to take a stand on. That is why we have previously stated that "TRUST, CONFIDENCE & CONVICTION" would be the key components to today's exceptional trading environment since the landscape of trading activities has changed primarily due to Central banks monetary policies in the three major markets
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1 comment:

  1. UnknownJuly 13, 2016 at 10:06 AM

    Often times it is extremely important to keep track of how we perceive the market even before prices move. A trading journal is good to keep for reference trades made and properly documenting them for validations.

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