Kindly reminder : as a trader, protect your capital must be your priority
On the social networks, i see many people shorting the SP500 , DJI and co. Please, stop it for the moment. PS : stop shorting doesn't mean you must long ;)
Many people are trying to predict the next leg down. OK, we can see bearish divergences but what more ? In a strong trend, indicators are not so relevant...
Just follow the trend, which is easier than predict something. In this case, I use the Guppy :
- On the daily, traders are above investors = bullish
- On the H4, traders are above investors = bullish
- On the H1, traders are above investors = bullish
In all these time frames, the first EMA is bellow the price = bullish .
My conclusion : We are in a strong bullish trend , maybe I will consider to short if traders are bellow investors in the H4 at least. If you want to short, why not because we are near resistences but you must wait a signal !
Clément
On the social networks, i see many people shorting the SP500 , DJI and co. Please, stop it for the moment. PS : stop shorting doesn't mean you must long ;)
Many people are trying to predict the next leg down. OK, we can see bearish divergences but what more ? In a strong trend, indicators are not so relevant...
Just follow the trend, which is easier than predict something. In this case, I use the Guppy :
- On the daily, traders are above investors = bullish
- On the H4, traders are above investors = bullish
- On the H1, traders are above investors = bullish
In all these time frames, the first EMA is bellow the price = bullish .
My conclusion : We are in a strong bullish trend , maybe I will consider to short if traders are bellow investors in the H4 at least. If you want to short, why not because we are near resistences but you must wait a signal !
Clément