It is a slightly different behavior, technology started first, the rest of the market follow
QQEW has a defined trend line, RSP is yet to define
Technical Analysis of the Financials Markets, Swing Trading Speculation
It is a slightly different behavior, technology started first, the rest of the market follow
QQEW has a defined trend line, RSP is yet to define
The crossing of the Short Term Momentum above 0 had 3 short term winners and 1 loser in the last 2 months, we’ll take it again
My RSP from Oct 23 went bad, that’s what I like about short term trading, we take our loses and live for another day. Its promising now but I missed the cross on Friday so I’ll stay out
I like the imbalance between price and momentum for going long at the open, anyway this is systematic trading, either I’m right and the momentum keeps up or I’m wrong and both price and momentum reverse and I’m out.
Shalom all
RSP was 1.85% higher at today high but could not hold
Target or stop reached=position closed next day
Take profit or losses and live another day for trade
What a wonderful business
I’ve been out since September 4, tomorrow continuing with the systematic and heuristic approach I’ll be buying RSP at the open.
The short term momentum crossing above 0 is a buy
Don’t like the lower low, but there is a support around 117.5