Momentum is weak but still heading up in the S&P500
We have remained bullish and stayed in trade based on the 9-13-9 MACD (top MACD at bottom of chart). First take profit target is for 10% of position at a 4% gain.
1st Take Profit Target- 10% of position at 4% gain - 74.03
2nd Take Profit Target - 50% of position at 8% gain - 76.87
Let remaining position ride until sell signal
Trailing Stop at 6%
1st Take Profit Target- 10% of position at 4% gain - 74.03
2nd Take Profit Target - 50% of position at 8% gain - 76.87
Let remaining position ride until sell signal
Trailing Stop at 6%
Nota
The momentum on this trade is substantially lower than the last three have been. Take a look at the MACD's that are circled and compare the momentum we had at this time into the other trades. I will stay long until we get a MACD crossover in 9-13-9.Trade fechado manualmente
Closed based off of crossover in the 9-13-9 MACD (upper). Roughly ~0% trade when it was all said and done. Will wait in cash til bull cross on the 6-13-6 MACD (lower).
Aviso legal
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