The first key M/A on the way to November is the SP futures 30-minute M/A. If it breaks this by .5% on a 30-minute close then I can look to increase the core short. This is currently 1108.50.
For the metals, when Dec silver breaks it's hourly M/A by .7% on an hourly close then I'll go short. This is currently 1980.60.
Gold futures hit 1270. Sold 2% DZZ at 10.15 and ZSL at 25.97.
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Hello Steve.
ReplyDeleteI see on the DJIA chart you use the 380 MA. I wondered why this one? And do you use the same MA on your S&P trades too?
Thanks.
No, just DJI. To me there are only 2 moving averages I consider key. The 30-minute, 92-unit SP futures moving average I use to increase my initial position (against the trend) to a core position. The 5-minute, 380-unit is daily trend change and is next level increasing the core.
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