I have spent over 15,000 hours looking at Futures/Stock/Crypto charts in the past 6 years.
If I could only say one thing to myself 6 years ago:
Focus on what you can know to be true.
What that means is...
Then you should be looking at the stuff they are rotating into.
Most of this stuff happened 4+ weeks ago when the sell in spy/qqq//xlk/smh was identified so nothing has really changed there.
There is some relative strength in tech semis you can be buying.
But your goal is just to hold your winners and cut the losers. Nothing really special besides buy strength and hold 'em. tech wont recover until we have a monthly reversal back up or a huge scenario 3 which we aren't anywhere near doing.
As far as the strength / buying.
Solars/Gold really is the only major themes we saw.
As always, a higher vix == every 60 is a new day.
Don't worry about what's going on friday. Worry about the next 60minutes.
Whats the difference โ
We know exactly why it should work right away. The whole market reversed on a dime.
We said each 60 is like a new day this week. This is why.
$XLK Inside day signal causes price to go back through the range.
Notice how the broadening formation is the map, signals help you steer price.
We are still far from a full recovery but this is a start. Do we confirm or negate this โ Every hour and every day matters this week!
@PremierCrude Investors normally make money by holding not by trading. So no they are not running all the time.
Why do you think markets have a โsummer grindโ ?
we solved technical analysis btw
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@UnHuevoCriollo Invest on the yearly quarterly buy list Use puts on the year and quarter sell list to boost returns
Keep track of ER and other important dates around your stock(s). Hold your winners as long as possible and cut your losers asap.
Teaching moment. This is why we use MTF analysis.
This month the sellers are still in control and more aggressive.
This is why when things happens matters. Not to say $XLK can't recover. Just that the month is always the bigger move and we have NOT changed that.
We don't want to buy $XLK, we want to buy things FTFC up above their monthly and weekly opens. Above last weeks highs.
Compare to the 2-2 week list with FTFC on the right. That is where the stronger buyers are.
$XLK Inside day signal causes price to go back through the range.
Notice how the broadening formation is the map, signals help you steer price.
We are still far from a full recovery but this is a start. Do we confirm or negate this โ Every hour and every day matters this week!