Midas-daily profit SPY
Today's market was bullish, continuously up-trending, above 8 MA.
As long as the price is above net price, opening price and above 8 MA, with MACD & Stoch RSI is up-pointing, go long, only long at the bottom of 5 min chart, especially at the developing moment of counter-trend(inflection point) in 10-10:30 AM ET.
This trend will go for a while, forming ascending triangle, meaning in any moment, when market sentiment is down, trend will start down. Once price is broken down below trend line and price is falling below opening price, then, short, short, short only at the peak of 5 min chart at that time.
Until then, grab profit continuously every day by long, long, long.
As long as the price is above net price, opening price and above 8 MA, with MACD & Stoch RSI is up-pointing, go long, only long at the bottom of 5 min chart, especially at the developing moment of counter-trend(inflection point) in 10-10:30 AM ET.
This trend will go for a while, forming ascending triangle, meaning in any moment, when market sentiment is down, trend will start down. Once price is broken down below trend line and price is falling below opening price, then, short, short, short only at the peak of 5 min chart at that time.
Until then, grab profit continuously every day by long, long, long.
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