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Knowing What to Anticipate in the Emini S&P after a Huge Move UP by Reading the RDT MACDs

Nov 06, 2023

Hey there traders!  Hope everyone is amazing!  As we’re getting closer to the end of the year, we may notice some changes in the market.  Things tend to slow down as the end of the year nears because traders will be taking time off to spend with their families… So the more it drops off, the slower the market will move—and the harder it will become to stay patient.  This may be a great time to work on patience or even to work with some market replays in order to bang out some issues you might be having in your strategy.

Okay, on to the market.  Well, this thing has definitely made a strong move to the upside.  Currently the Daily RDT MACD is outside of the Bollinger bands and moving with strength to the upside.  Because this is the first real BB to cross the band and show the strength up, I typically like to wait for the second BB to plot to get the feel for if the movement has longevity or not.

Of course, unless you have a very large account we don’t find ourselves trading the Daily chart (because trading bigger charts means having MUCH bigger risk on the trade), so we’re not using the Daily or the 28657 to actually trade—but more to guide for us.  Its something to help us understand what we can anticipate for the bigger picture and to interpret our Divergences and Price Movement much clearly.

Well my friends!  I’m excited for another week.  We are hosting 2 more meets and greets with traders across Houston.  The first one will be Thursday November 16th in Houston (this will include 2 drink tickets and appetizers) and the other will be Sat December 2nd in Sugar Land (this is an early morning coffee meet and greet), so we hope you can make it.  Let us know if you want details or you can find them easily on our FB page. We would love to see your faces and talk shop a bit, so come on and bring a friend.

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