Today was mild down day with light volume. With the exception of the CPC and the CPCE, all of the indicators suggest a bullish market. As CPC and CPCE tend to be leading indicators, it is quite possible the market is ready to turn bearish.
The weekly, daily, 60-min, 30-min, and 15-min stochastics are all on buy signals, but the 15-min is at the top of the range and might be ready to turn down after market open with a little downside pricing. Thus, stochastics suggets the market will turn down somtime in the morning and rise in the late morning and afternoon on Tuesday.
In a market with a strong bull or bear bias, it's somewhat easy to find an entry point. It's more a matter of simply getting in on an up or down day and then staying in until a major market turn-around occurs. But when the market is going sideways as it has for the past several days, finding an entry point without being stopped out for a money loss can be tricky. So I have been working on a presentation to help those of you who are interested in finding a trading entry point. I will also include a breakdown of my investment (betting) strategy to show how to make profits; even in a sideways market. As the presentation is somewhat time consuming, I will likely break it down into two sections over two days. If everything works right, I should have the first section ready by tomorrow morning; or tomorrow afternoon at the latest.
Good trading!!
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