/biz/ - Business & Finance

>>19390260
>Are you using momentum indicators?
I don't have anything against indicators if they work for people but I don't use them. I just look at the price action and try to deduce the trend looking for higher highs, higher lows, and vice versa. If you're getting a lot of those then you are probably in an up trend. Should the converse be the case the trend is down and I reverse or at least flatten my trades. I admit though if it were as easy as that we'd all be rich but with some practice you can get it right more than 50% of the time. For example the chart related is the e-mini S&P 500. It's obviously in an uptrend and naturally I'm in it with a decent profit
>>19390322
>What are your thoughts? Are you long bull here or are you thinking that the summer we will see the peak this year in the markets?
Man, I wish I had some scintillating analysis but the bottom line is I'm long as long as the market is going up. When that changes I'll be short. My read is there will be a resurgence but at least in the US people will be so wore out from the lockdown they won't go for another one or at least not nearly as severe. I think we've seen the bottom for a while. Note too the fed obviously has no problem propping the market up by any means necessary. Don't wanna fight that