Sell signal was issued on the Daily System today. This was not a normal exit signal, which is what this setup was looking for Apr 7 - Daily and 60-min Cycles, Looking for an Edge. It was a forced sell because a Down Cycle signal was given (which is uncommon, the signals are typically a sub-cycle top/bottom signals).
The way this signal was made is 'suspect' (non-normal moves relative to significant MAs, some secondary signal non-confirmations, etc.). And I think the fundamental environment is also very 'suspect'. But the signal is given and I am respecting it.
From E-T: Weekend Post – March 10, 2018
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There is a new post on my blog at this LINK. Cheers and enjoy the chart! E-T
6 years ago