At Norstar Trader, we have custom technical indicators to signal when to get back in the market. These indicators, as an integral part of our system, are right more times than they are wrong. Illustrated below is one of the indicators that we use as a first signal to tell us that the water is safe and the sharks have headed out to sea.
Looking at the segment of the chart of the S&P500 above, our system informed us that the "Cloud" has passed over the "CMA", which is a bullish signal. If, on November 4th, the stock price were to reverse and close below the dotted line, we would then get out of the trade. However, our system has proven itself again. The S&P 500 has gone on to make new highs over the next couple of weeks.
We will stay with this trade until it breaks down.
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