EB - JULY 24 MATrend Unsustainable Momentum- Aligns with larger bearish downtrend
- What I am worried is that tomorrow market is closed for the 4th of July and market opens on Friday to the jobs report. I hope I made the right decision.
- I will peg this as a bad trade as I should not trade because Friday is a high impact event
MATrend Unsustainable Momentum (Systematic) ⏪
The strategy identifies stocks (Tech sector ) that follows the larger market regime's momentum of the day and because they are unable to maintain it price breaks down quickly
Tight stops aligned to the price behaviour we are trying to capture. Which is a rapid break of the momentum.