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.


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

  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.