Just Focus On These Setups Which Work
First, lets cover high level the current market setup. '
Range Expansion Index on DeMARK printed an REI Up Signal at the close.
There are also certain facts here. Like for example the market closed above the close from 2 days prior. When this happens in an at least 5% drawdown environment, the market is higher 1 week later 69.39% of the 98 times that it has happened since 2011. The average updrift is around 1.2%. T-stat on that is 2.96. Decent pattern!
My guess is we still have seasonality a chance to play out here.
Hang Seng bottom TD Sequential 13
ARKK 13 Combo next bar.
I'm a buyer again. Plain and simple. Got it wrong the first time around but if they just undercut the lows of March marginally and we hold across the board, this market is not finished yet.
TSLA 13 Combo on the 2hour!
GOGO 50EMA Entry + TD Combo 13 on 2H. This played out well on the initial entry. Looking to press this for Ref Close Up at 20.95 tomorrow.
LMT was one of my stronger ideas which is not playing out as well as we would have liked. Sitting here on the 50EMA and TDST it had a very lackluster bounce. The buyers are still here but I am quick to stop aout below 436. I'm targeting 460+ if it works though
GDX will complete a DeMARK 9 buy setup after topping out with the 13. This is right into the trend line break projection target. Differential up at the close yesterday too! Amazing chart setup, really. TDST support at 34. High conviction long swing trade here for a move back to 36 on reversion.
XLRE is a thing of beauty. Sitting right at the 50EMA and closed higher with TD REI and Plurality oversold. This is a low risk one which can offer good relative strength and low stress long exposure.
TGT same deal here with the 20 EMA holding and ref close. Target 248 in the short-term. 260 in medium. Stop 226.
AMT amazing reclaim of the 50 EMA with a Differential UP signal. Give this one space though. Easier to buy on strength above 256. Would target 300 or a Countdown 13 completion.
Best of luck