What Do Your Trading Rules Say How To Handle This Situation?
I sent this email out to all of my students in which I mentor…I thought to share …Would like to hear feedback from my readers…
What do your rules say for this…
5 Distribution Days on both QQQ and SPY….
Yet a signal to purchase based on moving averages…& increase from the last 100 day lows…
Would like to hear your thoughts….This is why we have rules…and need to stick with them….Look at the attached chart
Click on picture to enlarge
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Maybe it's a bullish flag.. My rules say stay away. It's choppy