Proprietary Buy Signal ! At the Close 8/10/23 Update
605
As long as the S+P 500 Closes "above" todays close of 4468.84 on Friday August 11,2023 then a proprietary 4 Hour "Open" Chart, that I keep manually has rendered a "BUY SIGNAL" at the Market Close on August 10, 2023
Remember Risk/Reward is almost always "tilting" in the polar opposite market direction of what is obvious to most so you have to see your trading"endgame" as the market comes to you.
Never Overpay ! That's a cardinal rule you must always honor. Wait..for the market to come to you !
Finally, when going long, remember to position scale the size of your trade, to the "Placement of Your STOP Remember -NEVER Place a Trade... Without A Stop Loss Order, to Avoid Catastrophic Loss.
S+P 500 Stop Loss for Friday August 11,2023 is at 4450 !
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.