Mar 28, 2013

Short term update

The primary green scenario from yesterday is playing out. I think that there will be one more opportunity for an entry. Looking at the European indexes one final move lower is missing to finish the correction.

P.S. yesterday the system issued buy signal - big red bar down to EMA50 on the hourly chart, no follow through as the next bar closed back above the EMA50 and the histogram on the daily chart turned up. It was too late as I came back from work and it is not fair to state something after the fact:)
Anyway the levels: Trading system signal (swing trading) - Direction: UP | Last entry signal: at SP500=1558 on 27.03.2013 | Stop at: 1552


  1. Krasi, you think there's going to be one more chance to buy the dip? Only wished you posted your signal sooner. Have a good weekend.

    1. It is not really a great miss, do not worry:) and the next opportunity will come.
      I wrote ones for such short term moves it could be too late when I have the opportunity to post.....
      DAX is following my plan perfect - it dropped to support and EMA50 on the daily chart, now it is recovering but the move is corrective so one more move lower is missing. That makes me think that for SP500 there will be deeper pullback to the lower trend line of the structure around 1560.