I pulled 14 years of data on all 511 stocks in $SPY and $QQQ and found every 52 week high. All 11,505 of them.
Why? To answer one question. Buy the breakout, or wait for the pullback to the 21ema.
The answer was the opposite of what I expected. Sharing my analysis here π§΅
@Dorman06 I've noticed pullbacks into the 21 seems to be your bread and butter setup. I am looking to focus on just one setup in my trading and was curious to know how often do you find opportunities for this setup?
Which setup would you choose if you could do only one?
@Dorman06 Yes that healthcare plan group looks like its under accumulation. See $UNH, $CVS
Curious of your thoughts on $SN since you covered it extensively in the past? HL on weekly and monthly while it tightens towards the flat top breakout of $123.
@Dorman06
I've been on the sidelines attempting to weather the storm by scalping but check out $ICE. Looking juicy and holding up well. $CME is another one in the same neighborhood looking like a champion.