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Re: NASARAVI post# 45

Tuesday, 07/31/2018 11:49:12 AM

Tuesday, July 31, 2018 11:49:12 AM

Post# of 207
NASARAVI - I like that you are noting the
important vigilance items as each day progresses
so it is clear what the basis
is for your entry and exit decisions.

fyi - for trading SPY and QQQ, I rely on
the daily and weekly
10 ema, 15 sma , 20 ema, 21 sma,
and 50 sma/ema for evaluating trade
exits for the purpose of potentially
reloading later at a more beneficial price
entry level.
In combination with price location within
the Bollinger Band, and what the width of
the daily and weekly BB's are saying.

* Other chart considerations for price action alone
but these are the MA's of greatest priority, and
bulls and bears always need to defend the 4-day or 5-day sma.

Monday was a good setup for exiting the QQQ short
trade considering the 10-week ema was not
fully tagged from above.

And the COMPQ McO reached the late June 2018
oversold extreme level on Monday, evident at day's end.

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