[LISTEN🔊] Preparing For A High Probability Bounce On The Stock Market, One FLASH TRADE ALERT ISSUED
Listen Now and Read Now; Charts Included
Good Evening Traders and VIP Members Student & Traders),
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Listening to the audio version of the report while following along can enhance your learning experience and make the information more accessible. It allows you to absorb the content in a comprehensive way and gather valuable insights.
Everyone who has been reading our reports for a while knows that we rely on a simple rule called the "9ema" to manage risks when trading.
I'll keep repeating this because I want you to remember it really well.
When price is above the 9ema and the 9ema is trending upwards it shows us the momentum and line of least resistance is to the upside. This allows us to be bullish and trade to the long side.
When price is below the 9ema and the 9ema is sloping downward it shows us momentum is to the downside and the line of least resistance is to the downside. When this happens, we can be short, hedge our longs or take profits/cut losses.
On August 2nd, the SPY started to trade below the 9ema, and the MACD also bearishly converged. These two things together confirmed that the price could go down more.
We told everyone about this important development in our report, and we'll keep talking about the 9ema in the future.
Since the SPY broke down below the 9ema, its price dropped by more than 4.5%.
This quick drop shows how useful the 9ema can be for understanding risk.
For example, when the 9ema is going up and the price is close to it or above it, we might take bigger sized positions with high conviction. But when the price is below the 9ema, we should be cautious, trade for shorter times, and take profits when the price goes up a bit, instead of waiting for the potential homeruns.
Trading is about adjusting to changes, and the 9ema is like a helpful tool that tells us how to adjust our strategies, how much to trade, and how to manage risks.