Here is the SPY daily chart , two days pull back from ATH into supporting 20 EMA
My name @DaChopa comes from being chopped out so badly for many years by the markets. I just share my experience real time to save sheep from being taken to the slaughter house.Do not copy my trade alerts.Just watch me trade live and understand the concept. Play small if you are new, very very small just to be in the game long enough to learn it. The only way to learn it is to stay in the gladiator arena long enough.You are entering a losing game before you plan to have any steady profits.
Great Savings
Thursday, May 2, 2019
GE is in uptrend from 8.80 bottom with higher lows 9.00 and 10.00 , holding above 50 SMA , with up-trending 9 and 20 EMAs, with 2 inside days consolidation while SPY made 2 day pull back from ATH . The daily wicks are concerning but so far did not close bellow 10.00 besides the sell off in the markets from ATH. May take some time till the 9 and 20 EMAs catch up and act as stronger support , which can later turn to be a launch pad for GE to take off towards $12. So if I was short I'd be lot more worried then being long
Here is the SPY daily chart , two days pull back from ATH into supporting 20 EMA
Here is the SPY daily chart , two days pull back from ATH into supporting 20 EMA
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