Market Update - 8/18/2024
• lots of EPs this week on good economic data
• all indexes are above 50dma, suggesting an uptrend, improving breadth confirms this
• however, still skeptical about this, given that recession fears probably did not dissipate completely
• also looking for some potential short setups in case we continue to the downside
• not the greatest amount of 5 and 4 star setups either
• seems like in this environment, EPs probably work better
• downsizing my position sizes, focusing on perfecting my process until I become profitable
• all indexes are above 50dma, suggesting an uptrend, improving breadth confirms this
• however, still skeptical about this, given that recession fears probably did not dissipate completely
• also looking for some potential short setups in case we continue to the downside
• not the greatest amount of 5 and 4 star setups either
• seems like in this environment, EPs probably work better
• downsizing my position sizes, focusing on perfecting my process until I become profitable
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.