About this blog:

CURRENT MARKET TREND: Down on 1/24/2020






Saturday, August 4, 2012

Tracking a couple of counts - looking for clarity.

I'm currently tracking a few daily counts. A couple are bearish, a couple bullish. During times like this I sit on my hands so as not to make a terrible trade since capital preservation is my number one goal. The Daily ADX gave a buy signal back around 1290 on the SP-500. Every signal has been met with an opposite signal in the past. So there's no point being overly bearish here. I must wait for a conclusion and establish a trading plan.

Daily ADX Bull/Sell Setup Chart


My Swing Trade Trend Indicator is still on bullish buy


Will post as soon as I take on a new swing trade.

Peace.