I received mixed signals from the Pivot Trend System at today's close.
All my indicators point to a bearish scenario, suggesting me loading short positions, while financial sector (XLF) remains bullish. Finance is usually the main force to push market up, big up, but sometimes, it could also be very tricky with a sudden big sell-off. OK, here is my take.
My trading strategy from now is to SELL INTO RALLY, with the mind that a quick turn to bullish may happen at any time. It may happen or not, depending on what Pivot Trend System brings to me.
My AH order for SRS was not filled. I am flat now. Will start to load short positions on rally if there is any, or the points where I feel comfortable to short. As always, real time trade posts will be shown here.
I am pretty transparent! (see my performance panel on the right)
Morning Post 03/03/2025 SPX
3 hours ago
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