The setup was showing an impending crossover of the 13 and 30 hourly moving averages, just like it did in July.
Everytime Jeff sees this "money pattern" show up, he takes it as a potential bullish sign.
But as Jeff has also learned through years of trading, it's absolutely that he reacts to the market in real time.
We can't just assume that the past will be an indication of future trading results.
We have to look at where the market is right now.
And that has a lot to do with one key factor...
Sector rotation.
We all know that tech stocks have been trending throughout the pandemic.
The Nasdaq has been outpacing the S&P, and Apple, Amazon, Alphabet, and Facebook crushed Wall Street expectations.
But what's next in the typical economic cycle?
Industrials.
And they've been on fire, specifically with relation to emerging markets.
It's like RagingBull's new charts genius, JC Parets, pointed out to Jeff in a recent interview...
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