Market Timing Signal: Down


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There was so much to go over tonight I had to make two videos. Yes my timing signal turned bearish today but it wasn't time to enter the shorts. I will wait for a bounce before entering as I've refined my entry as the markets nearly always bounce slightly which should offer an excellent reward/risk trade. This does run the risk of the markets continuing to head lower without bouncing but after looking over past sell signals the odds are higher for a bounce so over time this strategy will produce higher returns even if that means missing out on a trade once in awhile.

It helps that I'm already short the Toronto markets as they nearly always move in tandem with the US markets so a sell signal on the US markets acts as confirmation that the trend in the Canadian markets is down.

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Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: MarketsTrading Ideas