Extended down trend takes us out of looking for short opts. Does an extended trend mean price wont go lower. No. It just means for us they become less of a high probabilty short. With price crossing above the 50 MA
this is our first alert to start looking long. Does it mean it will go long. No. But its the first indication of a possible change in trend. How far that trend goes. No one knows. But our bias is long at this point
Notes on chart
this is our first alert to start looking long. Does it mean it will go long. No. But its the first indication of a possible change in trend. How far that trend goes. No one knows. But our bias is long at this point
Notes on chart