Trading does not have to be hard. It really does not have to be fancy either. A couple of price charts and a bunch of MAs is sometimes all one needs.
This is 5-min chart of SSO
I have marked the breakout point a few minutes after I posted and said that the long side of the tape was being hit.
Of course, I had an idea where the daily and 60-min charts were, I had my stop, I had already taken some profit, and I knew where my and S/R was as per previous posts during the day.
1090 is still the level for the bulls to hold.
Have a Nice day!
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago