Mar 7, 2013

Short term update

Tomorrow is NFP... it is similar event like FOMC - the market is pushed in one direction before the news and then moves in the opposite direction. I think the indexes will squeeze several points higher and then a pullback to 1525-1530 will follow.

2 comments:

  1. Krasi, if it does pullback to 1530 area, will that trigger a long signal on your system?

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  2. The system itself is for swing trading and it is still on buy. On the hourly the indexes are moving sideways and the oscillators are resetting, which means just a pause. So any move lower to support/EMA50 should be another opportunity for an long entry.

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