A traders code for (Bullish trends), Higher highs and lower lows, and the opposite for (Bearish trends) Lower lows and Lower highs. The following charts have been following the bearish code. IYT, SMH, FDX, and COPX are a few charts I watch to get the pulse of the market. You can get the same picture by using three moving averages such as The 3-EMA, T-Line, and 34-EMA, another popular combo is the 3-EMA, T-Line, and17-EMA or simply three moving averages that make sense to that fit in your trading world. When you look at the above charts and the moving average groupings what do you see?
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Becauseof technical issues, we will not have any trade ideas for the watchlist today.After the market open the LTA scanner will find up more we can trade. Thank you for your understanding.
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