Browse Symbol Stacks: $SPX: ESummation.png
Summation index making a bearish MA cross well above the 200 day. I will be avoiding new long positions until it crosses back or we get near the 200 day.
Good plan. Mostly sidelines with a few bearish spreads. One major thing I learned this year, in thanks to many here, let the market come to you at your price. Dont force a trade out of fear of missing out. Flat is a position. Weakness in DIA SPY QQQ IWM this week made me hold off on some longs. Elliott wavers saying downside over and new highs coming. We shall see;)
Indeed. I don't understand Elliot, but just like you and I and everyone, as long as we all obey our rules, we'll be fine.