ETF SWING & DAY TRADING

[northam43]

Stock Charts Daily RSI(5) at 60.4. MACD(12,26,9) at -7.12.
I am still long. Yesterday I took some profit when it deeped down under RSI(5) 60. Then I added a long position at the close. I am still looking for the RSI(5) to close at 70 or above before I consider a short position. However, if we dip below RSI(5) 50 I will take profits on any levels in the green, in hopes to buy at lower prices. When RSI(5) does hit 70 (and it will eventually) I will then closely monitor the MACD(12,26,9) for trend change. Then I will initiate a short position and follow the RSI(5) down to 30.

That is my game plan for today. Lets play ball!

Good Trading to All.

Lindy