Afternoon,
This is getting kinda scary. The DOW was off substantially again today. No end in sight as far as the down side. The volatility continues giving many opportunities to trade.
The first trade was a trend line break below the 56 EMA followed by a trader’s trick set-up. The time was 9:39 am CST with a short entry of 539.30.
The next trade was another treader’s trick set-up after a trend line break below the 56 EMA. The time was 11:39 am CST with a short entry of 531.20.
The final trade was another trend line break below the 56 EMA followed by a trader’s trick set-up. The time was 13:12 am CST with a short entry of 529.90.
Here is the chart for trades 1, 2, and 3.
- Trades 1, 2 and 3
It is good to know that a day trader can make money in down markets. My concern is that the selling is affecting the entire economy. Looking forward to more good fishing days.
This is not a solicitation to buy or sell.
There is a risk in any investment
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