Whats up guys, my name is David. After some time working for a hedgefund I recently left to start trading on my own. I currently trade futures, forex, and stocks. I have also began managing private portfolios, nothing major just some clients’ accounts that I am trying build up. You guys could follow me on twitter if you like, @CapitalMadison I just made the account so that is why there are no followers yet.
This is the first time the 50-day moving average has dipped below the 200-day moving average in almost two years. I would wait until the 50-day MA crosses above the 200-day MA to trade a long position. The market has shown that the 50-day MA does not stay below the 200-day MA for a long time. I do see the market recovering, but I would wait to put on any long trades until the 50-day MA crosses the 200-day MA..
This is the first time the 50-day moving average has dipped below the 200-day moving average in almost two years. I would wait until the 50-day MA crosses above the 200-day MA to trade a long position. The market has shown that the 50-day MA does not stay below the 200-day MA for a long time. I do see the market recovering, but I would wait to put on any long trades until the 50-day MA crosses the 200-day MA..