Market Timing Signal: Down
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In the following video I'll provide the rationale behind my timing signal turning down with a potential stop loss area to exit the trade should we go up much further. I won't know if the actual signal will turn, but I feel this area is a reasonable area that should the market rise to it would be a good indication that this downtrend call isn't offering the reward/risk that I felt it is at the close of today.
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Posted in: Markets, Trading Ideas