Another down day but we failed to close below daily TDST support at 1165.77 (see yesterday’s post).Meanwhile, the monthly chart is giving permission to trade the weekly chart (see chart). We are poised to get a ‘sell’ signal with a ‘price flip’ (a close less than the close four weeks ago). That is, we need to close below 1194.37. When taking such a position one needs to work through the amount ‘wagered’, the trading vehicle, etc. The generic stop-loss with this trading system is at 1241.07.
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